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

Harley-Davidson, Inc. (NYSE:HOG) has received a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $27.8750.

A number of analysts have weighed in on the company. Morgan Stanley cut 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. Loop Capital initiated coverage on Harley-Davidson in a research report on Tuesday, November 25th. They set a “hold” rating and a $21.00 target price on the stock. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, UBS Group lowered their target price on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, November 13th.

Institutional Trading of Harley-Davidson

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in Harley-Davidson by 1,277.0% during the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock worth $22,418,000 after buying an additional 1,014,660 shares during the last quarter. Diversified Trust Co. boosted its holdings in shares of Harley-Davidson by 2.1% in the fourth quarter. Diversified Trust Co. now owns 114,265 shares of the company’s stock valued at $2,341,000 after acquiring an additional 2,360 shares during the period. JPMorgan Chase & Co. grew its position in shares of Harley-Davidson by 25.1% during the third quarter. JPMorgan Chase & Co. now owns 438,568 shares of the company’s stock worth $12,236,000 after acquiring an additional 88,100 shares during the last quarter. Allworth Financial LP grew its position in shares of Harley-Davidson by 13.7% during the third quarter. Allworth Financial LP now owns 4,314 shares of the company’s stock worth $120,000 after acquiring an additional 519 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at $168,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $21.40 on Friday. The business has a 50-day moving average of $22.83 and a 200 day moving average of $25.39. Harley-Davidson has a 12 month low of $20.38 and a 12 month high of $31.25. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 5.19, a price-to-earnings-growth ratio of 0.53 and a beta of 1.37. 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 issued its quarterly earnings results 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. Harley-Davidson had a net margin of 11.37% and a return on equity of 15.19%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.01 billion. As a group, sell-side analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 9th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, December 9th. Harley-Davidson’s dividend payout ratio is currently 17.48%.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.