BMO Capital Markets Cuts Harley-Davidson (NYSE:HOG) Price Target to $45.00

Harley-Davidson (NYSE:HOG) had its target price trimmed by BMO Capital Markets from $50.00 to $45.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

HOG has been the topic of several other research reports. DA Davidson increased their price objective on Harley-Davidson from $42.00 to $49.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Morgan Stanley started coverage on Harley-Davidson in a research note on Tuesday. They issued an overweight rating and a $50.00 price objective on the stock. Citigroup increased their price objective on Harley-Davidson from $36.00 to $37.00 and gave the stock a neutral rating in a research note on Tuesday, February 27th. UBS Group increased their price objective on Harley-Davidson from $29.00 to $39.00 and gave the stock a neutral rating in a research note on Friday, February 16th. Finally, Bank of America increased their price objective on Harley-Davidson from $50.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $46.43.

Harley-Davidson Trading Up 4.6 %

HOG opened at $34.75 on Friday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 2.16 and a beta of 1.43. The stock’s 50 day moving average price is $39.81 and its 200-day moving average price is $34.93. Harley-Davidson has a one year low of $25.43 and a one year high of $44.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.25 and a current ratio of 1.54.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts forecast that Harley-Davidson will post 4.24 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is 15.33%.

Institutional Trading of Harley-Davidson

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its position in Harley-Davidson by 95.0% during the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after acquiring an additional 384 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Harley-Davidson during the 4th quarter valued at $36,000. Principal Securities Inc. bought a new stake in Harley-Davidson during the 4th quarter valued at $38,000. Lindbrook Capital LLC boosted its position in Harley-Davidson by 66.7% during 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 purchased a new stake in shares of Harley-Davidson during the 1st quarter valued at $39,000. Institutional investors 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.