Harley-Davidson (NYSE:HOG) Trading Down 5.8% - What's Next?

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report)'s stock price was down 5.8% during trading on Thursday . The company traded as low as $31.88 and last traded at $32.15. Approximately 2,122,965 shares changed hands during trading, an increase of 23% from the average daily volume of 1,729,971 shares. The stock had previously closed at $34.13.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HOG shares. UBS Group lifted their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. Baird R W cut Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Citigroup upped their price objective on shares of Harley-Davidson from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Bank of America dropped their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. Finally, Robert W. Baird lowered shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and cut their price target for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

Harley-Davidson Stock Down 7.2 %

The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $4.26 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The business's 50-day moving average price is $36.73 and its 200-day moving average price is $35.89.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The company's revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts predict that Harley-Davidson, Inc. will post 4.19 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.18%. Harley-Davidson's dividend payout ratio is 15.33%.

Harley-Davidson declared that its Board of Directors has approved a share repurchase plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 19.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $294,000. Allspring Global Investments Holdings LLC lifted its stake in Harley-Davidson by 289.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,442 shares of the company's stock valued at $287,000 after acquiring an additional 5,531 shares during the last quarter. Raymond James & Associates grew its position in Harley-Davidson by 5.0% in the third quarter. Raymond James & Associates now owns 647,000 shares of the company's stock worth $24,929,000 after acquiring an additional 30,725 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Harley-Davidson by 23.5% during the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company's stock worth $141,000 after purchasing an additional 697 shares during the last quarter. Finally, Twelve Points Wealth Management LLC increased its stake in shares of Harley-Davidson by 18.6% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 41,472 shares of the company's stock worth $1,598,000 after purchasing an additional 6,512 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

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.