Harley-Davidson, Inc. (NYSE:HOG) Stock Has Consensus Price Target of $28.20

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been given an average rating of “Hold” by the thirteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.20.

A number of research analysts have commented on HOG shares. Loop Capital raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, July 20th. DA Davidson lifted their price objective on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Morgan Stanley lifted their price objective on Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Citigroup raised Harley-Davidson from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $33.00 in a research note on Monday, October 5th. Finally, Robert W. Baird upped their target price on Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, July 24th.

Harley-Davidson Trading Up 2.3%

Shares of HOG opened at $27.57 on Tuesday. Harley-Davidson has a fifty-two week low of $17.09 and a fifty-two week high of $28.86. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 8.86 and a beta of 1.30. The firm has a 50 day moving average price of $26.86 and a 200-day moving average price of $25.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Harley-Davidson will post 0.56 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a $0.1875 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.75 annualized dividend and a yield of 2.7%. Harley-Davidson’s payout ratio is 46.01%.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,559 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $24.43, for a total value of $38,086.37. Following the completion of the transaction, the chief financial officer directly owned 24,733 shares in the company, valued at approximately $604,227.19. This represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Artie Starrs bought 10,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $25.89 per share, with a total value of $258,900.00. Following the completion of the transaction, the chief executive officer owned 25,000 shares in the company, valued at approximately $647,250. This trade represents a 66.67% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 57,500 shares of company stock valued at $1,439,550 and sold 4,667 shares valued at $119,423. 0.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently modified their holdings of HOG. State of Alaska Department of Revenue raised its stake in Harley-Davidson by 42.7% in the third quarter. State of Alaska Department of Revenue now owns 14,721 shares of the company’s stock worth $358,000 after buying an additional 4,406 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Harley-Davidson by 16.0% in the third quarter. GAMMA Investing LLC now owns 7,950 shares of the company’s stock worth $194,000 after buying an additional 1,098 shares during the period. Tactive Advisors LLC purchased a new stake in Harley-Davidson in the third quarter worth about $623,000. CX Institutional lifted its holdings in Harley-Davidson by 62.4% in the third quarter. CX Institutional now owns 1,445 shares of the company’s stock worth $35,000 after buying an additional 555 shares during the period. Finally, Versant Capital Management Inc boosted its position in Harley-Davidson by 40.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,282 shares of the company’s stock valued at $56,000 after acquiring an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a motorcycle manufacturer headquartered in Milwaukee, Wisconsin. Founded in 1903, the company designs, manufactures and sells heavyweight motorcycles known for their cruiser, touring and adventure-touring models, as well as related parts, accessories, apparel and merchandise.

The company markets its products under the Harley-Davidson brand through a network of independent dealers and company-operated retail locations. Its offerings serve customers in the United States and international markets across Europe, Asia-Pacific, Canada and other regions.

Harley-Davidson also provides motorcycle financing and insurance-related services through Harley-Davidson Financial Services.