Harley-Davidson, Inc. (NYSE:HOG) Receives $42.57 Average Price Target from Analysts

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $42.57.

A number of brokerages have recently commented on HOG. Bank of America cut their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Robert W. Baird lowered shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of Harley-Davidson from a "hold" rating to a "sell" rating in a research note on Friday. Citigroup decreased their price target on Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Finally, UBS Group cut their target price on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th.

Harley-Davidson Trading Down 3.7 %

NYSE HOG traded down $1.23 during trading hours on Tuesday, reaching $31.83. The company's stock had a trading volume of 1,287,729 shares, compared to its average volume of 1,734,042. The firm has a fifty day simple moving average of $35.48 and a 200-day simple moving average of $35.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. Harley-Davidson has a 52 week low of $26.40 and a 52 week high of $44.16. The stock has a market cap of $4.05 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.42 and a beta of 1.46.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, September 16th. Harley-Davidson's dividend payout ratio is currently 15.54%.

Harley-Davidson declared that its board has authorized a share repurchase plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insider Transactions at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares in the company, valued at $570,405.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Harley-Davidson

Several large investors have recently made changes to their positions in HOG. Vanguard Group Inc. grew its position in shares of Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company's stock valued at $587,372,000 after purchasing an additional 452,536 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Harley-Davidson by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company's stock valued at $209,576,000 after acquiring an additional 708,260 shares during the last quarter. LSV Asset Management boosted its stake in Harley-Davidson by 17.3% in the second quarter. LSV Asset Management now owns 5,705,775 shares of the company's stock worth $191,372,000 after buying an additional 842,407 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Harley-Davidson by 22,680.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company's stock valued at $161,166,000 after purchasing an additional 4,164,502 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Harley-Davidson by 42.8% during the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company's stock valued at $75,932,000 after buying an additional 678,092 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

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.