Harley-Davidson, Inc. (NYSE:HOG) Receives Consensus Recommendation of “Hold” from Analysts

Harley-Davidson, Inc. (NYSE:HOG) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $29.83.

A number of equities research analysts have commented on HOG shares. UBS Group decreased their target price on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. Robert W. Baird raised their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. Finally, Citigroup lifted their target price on Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th.

Harley-Davidson Stock Down 0.3%

NYSE:HOG opened at $23.58 on Friday. Harley-Davidson has a 1-year low of $20.45 and a 1-year high of $39.93. The firm’s 50-day moving average price is $24.42 and its 200-day moving average price is $25.15. The company has a market capitalization of $2.86 billion, a PE ratio of 8.80, a P/E/G ratio of 0.47 and a beta of 1.30. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.27. The business had revenue of $315.24 million for the quarter, compared to analysts’ expectations of $1.12 billion. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The business’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. On average, equities analysts predict that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Monday, June 2nd. Harley-Davidson’s dividend payout ratio (DPR) is 26.87%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. acquired a new position in shares of Harley-Davidson during the 4th quarter worth approximately $50,368,000. Norges Bank purchased a new stake in Harley-Davidson in the 4th quarter valued at $11,010,000. Intech Investment Management LLC grew its holdings in Harley-Davidson by 160.5% in the 4th quarter. Intech Investment Management LLC now owns 31,011 shares of the company’s stock valued at $934,000 after buying an additional 19,108 shares in the last quarter. Brickwood Asset Management LLP purchased a new stake in Harley-Davidson in the 4th quarter valued at $27,783,000. Finally, Aquatic Capital Management LLC grew its holdings in shares of Harley-Davidson by 186.6% during the 4th quarter. Aquatic Capital Management LLC now owns 144,458 shares of the company’s stock worth $4,353,000 after purchasing an additional 94,058 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.