Harley-Davidson, Inc. (NYSE:HOG) Receives $27.88 Average Price Target from Brokerages

Harley-Davidson, Inc. (NYSE:HOG) has received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $27.8750.

Several equities analysts have recently issued reports on HOG shares. UBS Group cut their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Loop Capital assumed coverage on shares of Harley-Davidson in a research note on Tuesday, November 25th. They set a “hold” rating and a $21.00 price target on the stock. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Griffin Securities set a $34.00 target price on Harley-Davidson in a research note on Monday, August 25th.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently bought and sold shares of HOG. EverSource Wealth Advisors LLC lifted its stake in Harley-Davidson by 139.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after acquiring an additional 549 shares during the period. Geneos Wealth Management Inc. lifted its position in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after purchasing an additional 1,278 shares during the period. State of Wyoming purchased a new stake in Harley-Davidson in the first quarter valued at $54,000. UMB Bank n.a. grew its position in Harley-Davidson by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock worth $52,000 after purchasing an additional 892 shares during the period. Finally, Westfuller Advisors LLC purchased a new position in shares of Harley-Davidson during the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of HOG opened at $21.24 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 2.36 and a debt-to-equity ratio of 0.88. The firm has a market cap of $2.51 billion, a PE ratio of 5.16, a P/E/G ratio of 0.28 and a beta of 1.33. Harley-Davidson has a 12 month low of $20.45 and a 12 month high of $31.25. The stock has a fifty day moving average price of $24.68 and a 200-day moving average price of $25.73.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $1.72. Harley-Davidson had a return on equity of 15.19% and a net margin of 11.37%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.01 billion. Equities research analysts predict that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Tuesday, December 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 9th. Harley-Davidson’s dividend payout ratio (DPR) is presently 17.48%.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.