Harley-Davidson (NYSE:HOG) Price Target Cut to $28.00 by Analysts at UBS Group

Harley-Davidson (NYSE:HOG) had its target price decreased by UBS Group from $35.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on the stock. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird lowered their price target 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 lowered their price target 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. Bank of America lowered their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Citigroup lowered their target price on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.57.

Harley-Davidson Stock Performance

NYSE:HOG opened at $26.97 on Thursday. The company has a market capitalization of $3.43 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 0.37 and a beta of 1.46. Harley-Davidson has a twelve month low of $25.25 and a twelve month high of $44.16. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $28.61 and a two-hundred day moving average price of $32.90.

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

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.67%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, February 28th. Harley-Davidson’s payout ratio is presently 20.72%.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares of the company’s stock, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mork Capital Management LLC acquired a new position in Harley-Davidson during the third quarter valued at approximately $1,926,000. Barclays PLC lifted its position in Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after buying an additional 162,899 shares in the last quarter. Quantinno Capital Management LP lifted its position in Harley-Davidson by 151.3% during the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock valued at $1,945,000 after buying an additional 30,388 shares in the last quarter. Quantbot Technologies LP lifted its position in Harley-Davidson by 190.4% during the third quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock valued at $6,637,000 after buying an additional 112,948 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Harley-Davidson during the third quarter worth $2,725,000. 85.10% of the stock is owned by institutional investors and hedge funds.

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.