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

Harley-Davidson, Inc. (NYSE:HOG) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $34.57.

HOG has been the subject of a number of research analyst reports. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup decreased their price target on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Robert W. Baird dropped their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. DA Davidson decreased their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, Bank of America dropped their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. MML Investors Services LLC grew its stake in Harley-Davidson by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock valued at $325,000 after acquiring an additional 379 shares in the last quarter. Covestor Ltd grew its position in Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after purchasing an additional 448 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after buying an additional 554 shares during the period. Blue Trust Inc. lifted its position in Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock worth $141,000 after buying an additional 697 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Harley-Davidson by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock valued at $1,064,000 after buying an additional 807 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

HOG opened at $26.78 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson has a twelve month low of $25.25 and a twelve month high of $44.16. The business’s 50 day moving average is $28.73 and its 200-day moving average is $32.94. The stock has a market cap of $3.41 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, analysts predict that Harley-Davidson will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.18 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.69%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 20.72%.

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.