Analysts Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $33.57

Harley-Davidson, Inc. (NYSE:HOG) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.57.

HOG has been the subject of several analyst reports. Citigroup dropped their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. UBS Group decreased their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Robert W. Baird decreased their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. Morgan Stanley decreased their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, DA Davidson decreased their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 4th.

Harley-Davidson Trading Down 2.4 %

Shares of HOG opened at $24.65 on Monday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 7.40, a PEG ratio of 0.38 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The firm has a fifty day simple moving average of $26.63 and a two-hundred day simple moving average of $31.28. Harley-Davidson has a twelve month low of $23.81 and a twelve month high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, research analysts anticipate that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.92%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by company insiders.

Institutional Trading of Harley-Davidson

A number of institutional investors and hedge funds have recently bought and sold shares of HOG. Victory Capital Management Inc. increased its stake in Harley-Davidson by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock valued at $1,064,000 after purchasing an additional 807 shares in the last quarter. Empowered Funds LLC increased its stake in Harley-Davidson by 21.8% during the 3rd quarter. Empowered Funds LLC now owns 14,828 shares of the company’s stock valued at $571,000 after purchasing an additional 2,657 shares in the last quarter. Natixis Advisors LLC increased its stake in Harley-Davidson by 13.8% during the 3rd quarter. Natixis Advisors LLC now owns 22,656 shares of the company’s stock valued at $873,000 after purchasing an additional 2,756 shares in the last quarter. Quest Partners LLC increased its stake in Harley-Davidson by 71,664.3% during the 3rd quarter. Quest Partners LLC now owns 10,047 shares of the company’s stock valued at $387,000 after purchasing an additional 10,033 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new stake in Harley-Davidson during the 3rd quarter valued at about $327,000. 85.10% of the stock is currently owned by institutional investors.

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.