Harley-Davidson (NYSE:HOG) PT Lowered to $45.00

Harley-Davidson (NYSE:HOG) had its target price decreased by Bank of America from $50.00 to $45.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Citigroup lifted their price objective on Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Finally, UBS Group lifted their price objective on Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson has an average rating of “Moderate Buy” and an average price target of $44.00.

Harley-Davidson Price Performance

Shares of HOG opened at $36.22 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16. The stock has a market cap of $4.87 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The stock’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $36.10.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $1.22 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson will post 4.19 earnings per share for the current year.

Harley-Davidson announced that its Board of Directors has initiated a share buyback plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 19.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s dividend payout ratio is presently 15.33%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HOG. Future Financial Wealth Managment LLC acquired a new position in shares of Harley-Davidson during the 1st quarter worth approximately $39,000. American National Bank acquired a new position in shares of Harley-Davidson during the 1st quarter worth approximately $52,000. Signaturefd LLC increased its position in shares of Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after purchasing an additional 597 shares during the last quarter. Fifth Third Bancorp increased its position in shares of 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 purchasing an additional 322 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Harley-Davidson by 19.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares during 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.