Harley-Davidson (NYSE:HOG) Price Target Raised to $28.00

Harley-Davidson (NYSE:HOG) had its price objective boosted by UBS Group from $27.00 to $28.00 in a report published on Thursday,MarketScreener reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on HOG. DA Davidson raised their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a report on Monday, August 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Harley-Davidson in a report on Saturday, September 27th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Citigroup raised their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Finally, Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

Harley-Davidson Stock Up 0.5%

NYSE HOG opened at $28.35 on Thursday. The firm has a market cap of $3.45 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.40 and a beta of 1.27. Harley-Davidson has a one year low of $20.45 and a one year high of $36.94. The stock’s 50 day simple moving average is $27.81 and its 200 day simple moving average is $25.33. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS. As a group, sell-side analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a yield of 2.5%. Harley-Davidson’s dividend payout ratio (DPR) is presently 37.31%.

Insider Transactions at Harley-Davidson

In other news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The shares were bought at an average cost of $24.06 per share, with a total value of $49,756.08. Following the completion of the transaction, the director directly owned 4,705 shares in the company, valued at $113,202.30. This trade represents a 78.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Harley-Davidson by 3.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,129 shares of the company’s stock worth $412,000 after purchasing an additional 607 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Harley-Davidson by 2.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,093 shares of the company’s stock worth $663,000 after purchasing an additional 700 shares in the last quarter. Assetmark Inc. boosted its position in shares of Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after purchasing an additional 713 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Harley-Davidson by 52.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock worth $53,000 after purchasing an additional 725 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after purchasing an additional 791 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

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.