Harley-Davidson (NYSE:HOG) Trading 4.1% Higher – Here’s Why

Shares of Harley-Davidson, Inc. (NYSE:HOG) were up 4.1% during trading on Monday . The stock traded as high as $25.66 and last traded at $25.72. Approximately 535,649 shares changed hands during trading, a decline of 78% from the average daily volume of 2,394,782 shares. The stock had previously closed at $24.71.

Analysts Set New Price Targets

HOG has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. UBS Group dropped their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Robert W. Baird upped their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th. Finally, Citigroup dropped their price objective on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and a consensus price target of $30.17.

Harley-Davidson Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.38 and a beta of 1.30. The stock has a 50 day moving average price of $23.82 and a two-hundred day moving average price of $27.54.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. The company had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The business’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. Analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.72 annualized dividend and a yield of 2.77%. Harley-Davidson’s dividend payout ratio is presently 26.87%.

Institutional Investors Weigh In On Harley-Davidson

A number of hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC raised its holdings in Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after buying an additional 554 shares during the period. Covestor Ltd raised its holdings in shares of Harley-Davidson by 18.8% during the fourth quarter. Covestor Ltd now owns 4,163 shares of the company’s stock worth $125,000 after acquiring an additional 658 shares during the period. Assetmark Inc. raised its holdings in shares of Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Harley-Davidson by 52.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock valued at $53,000 after acquiring an additional 725 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Harley-Davidson by 153.6% during the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after purchasing an additional 791 shares in 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.