Harley-Davidson, Inc. (NYSE:HOG) Stock Has Consensus Target Price of $28.20 According to Analysts

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $28.20.

Several equities analysts recently issued reports on HOG shares. Griffin Securities set a $33.00 target price on Harley-Davidson in a research note on Monday, August 17th. Citigroup raised Harley-Davidson from a “neutral” rating to a “buy” rating and lifted their target price for the company from $31.00 to $33.00 in a research report on Monday, October 5th. DA Davidson boosted their price target on shares of Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. UBS Group boosted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 2nd. Finally, Evercore raised shares of Harley-Davidson from an “underperform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Monday, October 5th.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Daniel Nova purchased 40,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $24.57 per share, with a total value of $982,800.00. Following the transaction, the director directly owned 47,605 shares of the company’s stock, valued at approximately $1,169,654.85. This represents a 525.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jonathan Root sold 1,559 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $24.43, for a total transaction of $38,086.37. Following the completion of the transaction, the chief financial officer directly owned 24,733 shares of the company’s stock, valued at $604,227.19. This represents a 5.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have purchased 57,500 shares of company stock valued at $1,439,550 and have sold 4,667 shares valued at $119,423. 0.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in Harley-Davidson during the 2nd quarter worth about $942,000. Robinson Value Management Ltd. acquired a new position in shares of Harley-Davidson during the 1st quarter worth about $3,215,000. Jefferies Financial Group Inc. purchased a new position in shares of Harley-Davidson in the 2nd quarter valued at about $992,000. Sei Investments Co. increased its holdings in shares of Harley-Davidson by 100.8% in the 1st quarter. Sei Investments Co. now owns 228,009 shares of the company’s stock valued at $4,608,000 after acquiring an additional 114,441 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Harley-Davidson in the 1st quarter valued at about $957,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Stock Down 3.0%

Harley-Davidson stock opened at $26.77 on Tuesday. Harley-Davidson has a fifty-two week low of $17.09 and a fifty-two week high of $28.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The firm has a 50 day moving average price of $26.88 and a 200 day moving average price of $25.30. The company has a market capitalization of $2.79 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 8.79 and a beta of 1.30.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. Research analysts expect that Harley-Davidson will post 0.56 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Harley-Davidson’s dividend payout ratio is presently 46.01%.

About Harley-Davidson

Harley-Davidson, Inc is a motorcycle manufacturer headquartered in Milwaukee, Wisconsin. Founded in 1903, the company designs, manufactures and sells heavyweight motorcycles known for their cruiser, touring and adventure-touring models, as well as related parts, accessories, apparel and merchandise.

The company markets its products under the Harley-Davidson brand through a network of independent dealers and company-operated retail locations. Its offerings serve customers in the United States and international markets across Europe, Asia-Pacific, Canada and other regions.

Harley-Davidson also provides motorcycle financing and insurance-related services through Harley-Davidson Financial Services.