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

Harley-Davidson, Inc. (NYSE:HOG) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $21.6667.

Several analysts have recently weighed in on HOG shares. DA Davidson lowered their price objective on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Zacks Research lowered shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Argus raised Harley-Davidson to a “strong-buy” rating in a research note on Tuesday, February 17th. UBS Group lowered their price target on Harley-Davidson from $27.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. Finally, Citigroup dropped their price target on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th.

Insider Buying and Selling

In other news, Director Rafeh Masood bought 2,775 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average price of $18.00 per share, with a total value of $49,950.00. Following the completion of the purchase, the director directly owned 7,480 shares in the company, valued at $134,640. This represents a 58.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James D. Farley, Jr. sold 6,454 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total transaction of $120,754.34. Following the transaction, the director owned 16,205 shares in the company, valued at $303,195.55. The trade was a 28.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

A number of large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its position in Harley-Davidson by 96.5% during the fourth quarter. Hsbc Holdings PLC now owns 44,665 shares of the company’s stock valued at $920,000 after buying an additional 21,931 shares during the period. Virtu Financial LLC purchased a new position in shares of Harley-Davidson in the fourth quarter worth about $212,000. Invesco Ltd. increased its holdings in shares of Harley-Davidson by 52.1% in the fourth quarter. Invesco Ltd. now owns 703,826 shares of the company’s stock worth $14,421,000 after buying an additional 241,045 shares during the period. Empowered Funds LLC lifted its stake in shares of Harley-Davidson by 659.0% in the 4th quarter. Empowered Funds LLC now owns 115,288 shares of the company’s stock valued at $2,362,000 after acquiring an additional 100,098 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Harley-Davidson during the 4th quarter valued at about $3,500,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Up 5.4%

Shares of NYSE HOG opened at $19.47 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $19.36 and a 200-day moving average of $23.03. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.46 and a beta of 1.42. Harley-Davidson has a 12 month low of $17.09 and a 12 month high of $31.25.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($1.52). Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The company had revenue of $496.16 million during the quarter, compared to analysts’ expectations of $482.21 million. During the same period in the prior year, the business earned ($0.93) earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Sell-side analysts expect that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Monday, March 2nd were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. Harley-Davidson’s payout ratio is 28.74%.

Harley-Davidson Company Profile

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.