Analysts Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $44.57

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $44.57.

Several analysts have issued reports on the company. BMO Capital Markets cut their price objective on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Robert W. Baird restated an “outperform” rating and set a $40.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 2nd. Citigroup cut their price objective on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Morgan Stanley assumed coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 price objective on the stock. Finally, DA Davidson upped their price objective on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th.

Institutional Trading of Harley-Davidson

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in shares of 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 purchasing an additional 384 shares during the period. BKM Wealth Management LLC bought a new position in Harley-Davidson in the 4th quarter worth approximately $36,000. Principal Securities Inc. bought a new position in Harley-Davidson in the 4th quarter worth approximately $38,000. Lindbrook Capital LLC grew its holdings in Harley-Davidson by 66.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock worth $39,000 after buying an additional 423 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in Harley-Davidson in the 1st quarter worth approximately $39,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Trading Up 1.1 %

NYSE:HOG opened at $34.38 on Wednesday. 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 one year low of $25.43 and a one year high of $44.16. The business’s 50-day simple moving average is $34.20 and its 200 day simple moving average is $36.38. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46.

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

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Wednesday, June 5th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Wednesday, June 5th. Harley-Davidson’s payout ratio is 15.33%.

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.