Harley-Davidson (NYSE:HOG) Price Target Increased to $44.00 by Analysts at Robert W. Baird

Harley-Davidson (NYSE:HOG) had its price target boosted by Robert W. Baird from $40.00 to $44.00 in a report issued on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets dropped their target price on shares of Harley-Davidson from $50.00 to $45.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Citigroup dropped their target price on shares of Harley-Davidson from $36.00 to $34.00 and set a neutral rating on the stock in a research report on Wednesday, June 12th. DA Davidson boosted their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a buy rating in a research report on Thursday, April 11th. Finally, Morgan Stanley initiated coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They set an overweight rating and a $50.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $45.14.

Harley-Davidson Trading Up 2.7 %

NYSE:HOG opened at $37.82 on Friday. Harley-Davidson has a 12 month low of $25.43 and a 12 month high of $44.16. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 1.16 and a beta of 1.46. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. The company’s 50 day moving average is $34.28 and its 200-day moving average is $36.40.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts anticipate that Harley-Davidson will post 4.33 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Wednesday, June 5th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.69 annualized dividend and a dividend yield of 1.82%. Harley-Davidson’s dividend payout ratio is presently 15.33%.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp lifted its position in Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after buying an additional 322 shares in the last quarter. Toronto Dominion Bank lifted its position in Harley-Davidson by 0.7% during the 1st quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after buying an additional 345 shares in the last quarter. US Bancorp DE lifted its position in Harley-Davidson by 2.2% during the 4th quarter. US Bancorp DE now owns 16,023 shares of the company’s stock worth $590,000 after buying an additional 346 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in Harley-Davidson by 22.3% during the 4th quarter. National Bank of Canada FI now owns 2,054 shares of the company’s stock worth $74,000 after buying an additional 374 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Company Profile

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.