Harley-Davidson, Inc. (NYSE:HOG) Given Average Rating of “Hold” by Analysts

Harley-Davidson, Inc. (NYSE:HOG) has been given a consensus rating of “Hold” by the nine research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $27.8750.

Several equities analysts have weighed in on HOG shares. Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a report on Monday, August 25th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Loop Capital began coverage on shares of Harley-Davidson in a research report on Tuesday, November 25th. They set a “hold” rating and a $21.00 price objective for the company. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley decreased their price target on Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 19th.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently made changes to their positions in HOG. EverSource Wealth Advisors LLC raised its holdings in shares of Harley-Davidson by 139.0% during the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after purchasing an additional 549 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after buying an additional 1,278 shares during the period. State of Wyoming bought a new stake in Harley-Davidson in the 1st quarter valued at about $54,000. UMB Bank n.a. raised its stake in Harley-Davidson by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock worth $52,000 after buying an additional 892 shares during the period. Finally, Westfuller Advisors LLC bought a new position in Harley-Davidson in the third quarter worth approximately $67,000. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Stock Performance

HOG opened at $21.24 on Wednesday. The business’s 50-day moving average price is $25.00 and its two-hundred day moving average price is $25.81. Harley-Davidson has a 1 year low of $20.45 and a 1 year high of $32.38. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 5.16, a P/E/G ratio of 0.28 and a beta of 1.33. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.51 and a quick ratio of 2.36.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 15.19% and a net margin of 11.37%. Equities analysts expect that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Tuesday, December 9th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 9th. Harley-Davidson’s dividend payout ratio is presently 17.48%.

Harley-Davidson Company Profile

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.