Harley-Davidson (NYSE:HOG) Given New $30.00 Price Target at Robert W. Baird

Harley-Davidson (NYSE:HOG) had its price objective increased by Robert W. Baird from $28.00 to $30.00 in a research report report published on Friday, MarketBeat reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley raised their price target on Harley-Davidson from $12.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, May 19th. DA Davidson upped their price objective on Harley-Davidson from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. UBS Group raised their price objective on Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Wolfe Research restated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.89.

Harley-Davidson Price Performance

HOG stock opened at $25.45 on Friday. The firm has a 50 day simple moving average of $25.15 and a two-hundred day simple moving average of $22.36. The stock has a market cap of $2.68 billion, a PE ratio of 15.61, a P/E/G ratio of 17.83 and a beta of 1.26. Harley-Davidson has a one year low of $17.09 and a one year high of $31.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.66.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.88 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, analysts predict that Harley-Davidson will post 0.39 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, June 8th. Harley-Davidson’s dividend payout ratio is presently 42.61%.

Insider Transactions at Harley-Davidson

In other news, insider Paul J. Krause sold 1,564 shares of Harley-Davidson stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total value of $40,664.00. Following the transaction, the insider owned 30,012 shares in the company, valued at approximately $780,312. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the transaction, the chief financial officer owned 29,400 shares in the company, valued at approximately $718,536. This represents a 5.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,672 shares of company stock worth $116,266 over the last ninety days. Insiders own 0.97% of the company’s stock.

Institutional Trading of Harley-Davidson

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Holdings LLC bought a new position in shares of Harley-Davidson in the fourth quarter worth approximately $30,000. Fifth Third Bancorp raised its holdings in Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after buying an additional 579 shares during the last quarter. Versant Capital Management Inc boosted its position in Harley-Davidson by 858.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock valued at $40,000 after buying an additional 1,459 shares during the period. Geneos Wealth Management Inc. boosted its position in Harley-Davidson by 153.8% during 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. Finally, Bessemer Group Inc. grew its holdings in Harley-Davidson by 1,758.9% in the 1st quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock worth $59,000 after acquiring an additional 2,779 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Key Headlines Impacting Harley-Davidson

Here are the key news stories impacting Harley-Davidson this week:

• Positive Sentiment: Harley-Davidson beat Q2 estimates with EPS of $0.75 versus $0.65 expected, and revenue of $1.23 billion versus $1.17 billion forecast, helped by stronger motorcycle demand in its core HDMC business. Harley-Davidson Delivers Second Quarter Financial Results and Raises Full-Year Guidance
• Positive Sentiment: The company raised its full-year sales guidance, signaling management sees momentum in its turnaround and stronger North American sales ahead. Harley-Davidson Raises Outlook on Strong North American Sales
• Positive Sentiment: Several outlets highlighted Harley-Davidson as a value stock and noted that analysts remain constructive overall, including Baird lifting its price target to $30 while keeping a neutral rating. Harley-Davidson Emerges On Value Stock Screens
• Neutral Sentiment: Harley-Davidson’s financing segment, HDFS, saw revenue plunge, which offsets some of the enthusiasm around the core motorcycle business and adds a mixed note to the quarter. Harley-Davidson Q2 Earnings Beat Estimates on HDMC Growth
• Neutral Sentiment: LiveWire continued to narrow losses, but it remains a small drag rather than a major driver for the stock right now. Harley-Davidson Q2 Earnings Beat Estimates on HDMC Growth
• Negative Sentiment: Motorcycle deliveries fell short of expectations, and revenue declined 5.9% year over year, reminding investors that demand is still uneven despite the earnings beat. Harley-Davidson Q2 bike sales fall short of expectations
• Negative Sentiment: Higher raw material costs and lower quarterly profit underscore margin pressure, which may limit how quickly the turnaround translates into stronger earnings. Harley-Davidson posts lower quarterly results as raw material costs rise

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.