DA Davidson Cuts Harley-Davidson (NYSE:HOG) Price Target to $25.00

Harley-Davidson (NYSE:HOG) had its price target reduced by DA Davidson from $30.00 to $25.00 in a report issued on Thursday, MarketBeat reports. DA Davidson currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on HOG. Loop Capital assumed coverage on shares of Harley-Davidson in a research note on Tuesday, November 25th. They issued a “hold” rating and a $21.00 target price on the stock. Citigroup cut their price target on shares of Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating and issued a $24.00 price objective on shares of Harley-Davidson in a research note on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Harley-Davidson in a research report on Thursday, January 22nd. Finally, Robert W. Baird set a $22.00 price target on Harley-Davidson in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average price target of $24.25.

Harley-Davidson Price Performance

NYSE:HOG opened at $20.42 on Thursday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.54 and a beta of 1.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.10 and a quick ratio of 2.36. The business has a 50 day simple moving average of $20.77 and a 200-day simple moving average of $24.70. Harley-Davidson has a 1 year low of $19.33 and a 1 year high of $31.25.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($1.52). The company had revenue of $496.16 million for the quarter, compared to the consensus estimate of $482.21 million. Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.93) EPS. Equities analysts forecast that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 9th were issued a $0.18 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.5%. Harley-Davidson’s payout ratio is presently 27.59%.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors and hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. lifted its holdings in shares of Harley-Davidson by 61.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,517,795 shares of the company’s stock worth $130,220,000 after buying an additional 2,108,099 shares during the period. Norges Bank bought a new stake in shares of Harley-Davidson in the fourth quarter valued at about $25,766,000. SG Americas Securities LLC lifted its stake in Harley-Davidson by 1,277.0% in the fourth quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock worth $22,418,000 after acquiring an additional 1,014,660 shares during the period. Vanguard Group Inc. grew its holdings in Harley-Davidson by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock worth $361,544,000 after acquiring an additional 886,998 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in Harley-Davidson during the 3rd quarter valued at about $21,761,000. 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.