Harley-Davidson (NYSE:HOG) Reaches New 12-Month High at $44.16

Harley-Davidson, Inc. (NYSE:HOG) shares reached a new 52-week high on Thursday . The stock traded as high as $44.16 and last traded at $44.01, with a volume of 35954 shares changing hands. The stock had previously closed at $43.66.

Analysts Set New Price Targets

A number of research firms have weighed in on HOG. DA Davidson reissued a “buy” rating and issued a $42.00 target price on shares of Harley-Davidson in a report on Tuesday, March 5th. Citigroup upped their price target on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Bank of America raised their price objective on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, UBS Group increased their target price on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Harley-Davidson Stock Up 0.3 %

The business has a 50-day moving average of $37.39 and a 200 day moving average of $33.73. The company has a market capitalization of $5.98 billion, a PE ratio of 9.13, a P/E/G ratio of 2.79 and a beta of 1.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The firm had revenue of $791.65 million during the quarter, compared to the consensus estimate of $875.29 million. During the same period in the prior year, the company earned $0.28 EPS. The company’s quarterly revenue was down 13.8% compared to the same quarter last year. Equities research analysts predict that Harley-Davidson, Inc. will post 4.22 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were given a $0.1725 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 annualized dividend and a yield of 1.58%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 14.32%.

Institutional Trading of Harley-Davidson

Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Natixis Advisors L.P. raised its holdings in shares of Harley-Davidson by 34.1% in the first quarter. Natixis Advisors L.P. now owns 36,335 shares of the company’s stock valued at $1,432,000 after acquiring an additional 9,243 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Harley-Davidson by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,394 shares of the company’s stock worth $2,222,000 after buying an additional 5,377 shares during the last quarter. BlackRock Inc. raised its stake in shares of Harley-Davidson by 1.5% during the 1st quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock worth $501,454,000 after acquiring an additional 194,089 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Harley-Davidson by 8.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 86,260 shares of the company’s stock valued at $3,496,000 after purchasing an additional 6,447 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Harley-Davidson by 1.8% in the 1st quarter. Yousif Capital Management LLC now owns 85,664 shares of the company’s stock worth $3,375,000 after purchasing an additional 1,495 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

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.