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

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has received a consensus recommendation of "Hold" from the eight brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $33.57.

A number of analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. UBS Group dropped their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. StockNews.com raised shares of Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Morgan Stanley decreased their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Robert W. Baird decreased their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, December 31st.

Remove Ads

Harley-Davidson Stock Down 0.2 %

Shares of HOG traded down $0.05 during mid-day trading on Monday, reaching $25.31. 893,647 shares of the stock traded hands, compared to its average volume of 1,779,100. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 0.38 and a beta of 1.49. The stock has a fifty day simple moving average of $26.77 and a 200 day simple moving average of $31.41. Harley-Davidson has a 12-month low of $23.81 and a 12-month high of $44.16. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the prior year, the business posted $0.18 earnings per share. Sell-side analysts expect that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.18 per share. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.85%. Harley-Davidson's payout ratio is 21.62%.

Insider Activity at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated 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 in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Harley-Davidson

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mork Capital Management LLC bought a new position in shares of Harley-Davidson during the 3rd quarter valued at about $1,926,000. Hussman Strategic Advisors Inc. bought a new stake in Harley-Davidson during the fourth quarter worth approximately $1,898,000. Bank of New York Mellon Corp grew its position in Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock worth $44,295,000 after buying an additional 157,939 shares during the last quarter. Barclays PLC increased its holdings in shares of Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company's stock valued at $10,900,000 after buying an additional 162,899 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Harley-Davidson by 151.3% during the 3rd quarter. Quantinno Capital Management LP now owns 50,475 shares of the company's stock valued at $1,945,000 after acquiring an additional 30,388 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

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.