Harley-Davidson, Inc. (NYSE:HOG) Receives $27.88 Average PT from Analysts

Harley-Davidson, Inc. (NYSE:HOG) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.00.

Several research firms have issued reports on HOG. Loop Capital initiated coverage on Harley-Davidson in a research report on Tuesday, November 25th. They issued a “hold” rating and a $21.00 price objective on the stock. Citigroup dropped their price objective on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Wednesday. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, UBS Group cut their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th.

Harley-Davidson Stock Performance

Shares of HOG stock traded down $0.57 during trading on Friday, reaching $20.50. The company had a trading volume of 2,691,085 shares, compared to its average volume of 2,387,974. The firm’s 50 day simple moving average is $22.35 and its two-hundred day simple moving average is $25.29. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.51 and a quick ratio of 2.36. Harley-Davidson has a one year low of $20.38 and a one year high of $31.25. The company has a market capitalization of $2.42 billion, a PE ratio of 4.98, a PEG ratio of 0.51 and a beta of 1.37.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 earnings per share for the quarter, topping 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Sell-side analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $0.72 dividend on an annualized basis and a yield of 3.5%. Harley-Davidson’s payout ratio is presently 17.48%.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds have recently made changes to their positions in HOG. EverSource Wealth Advisors LLC lifted its stake in Harley-Davidson by 139.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after purchasing an additional 549 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Harley-Davidson by 153.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after buying an additional 1,278 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of 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 acquiring an additional 892 shares during the period. Westfuller Advisors LLC bought a new position in shares of Harley-Davidson during the 3rd quarter worth approximately $67,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Harley-Davidson by 203.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,426 shares of the company’s stock worth $68,000 after acquiring an additional 1,626 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

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.