Harley-Davidson (NYSE:HOG) Given Outperform Rating at Robert W. Baird

Robert W. Baird reiterated their outperform rating on shares of Harley-Davidson (NYSE:HOG) in a report published on Tuesday, Benzinga reports. The brokerage currently has a $40.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Citigroup decreased their price objective on shares of Harley-Davidson from $36.00 to $34.00 and set a neutral rating for the company in a report on Wednesday, June 12th. Bank of America boosted their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a buy rating in a research report on Thursday, March 14th. DA Davidson lifted their target price on Harley-Davidson from $42.00 to $49.00 and gave the company a buy rating in a research note on Thursday, April 11th. BMO Capital Markets dropped their price target on Harley-Davidson from $50.00 to $45.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Finally, Morgan Stanley started coverage on Harley-Davidson in a research report on Tuesday, April 23rd. They set an overweight rating and a $50.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $44.57.

Harley-Davidson Price Performance

HOG opened at $31.96 on Tuesday. The company has a market capitalization of $4.30 billion, a P/E ratio of 7.10, a PEG ratio of 1.09 and a beta of 1.46. The company has a 50-day moving average of $34.60 and a 200-day moving average of $36.55. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54. Harley-Davidson has a 1-year low of $25.43 and a 1-year high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. Equities analysts expect that Harley-Davidson will post 4.46 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Wednesday, June 5th. Harley-Davidson’s payout ratio is currently 15.33%.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in Harley-Davidson by 95.0% during the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock worth $29,000 after buying an additional 384 shares during the period. BKM Wealth Management LLC purchased a new position in shares of Harley-Davidson in the fourth quarter worth approximately $36,000. Principal Securities Inc. acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $38,000. Lindbrook Capital LLC lifted its position in shares of Harley-Davidson by 66.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock valued at $39,000 after acquiring an additional 423 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in Harley-Davidson in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.