Harley-Davidson (NYSE:HOG) Given New $30.00 Price Target at DA Davidson

Harley-Davidson (NYSE:HOG) had its target price raised by DA Davidson from $25.00 to $30.00 in a research report report published on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Robert W. Baird set a $28.00 price objective on Harley-Davidson in a report on Wednesday, May 6th. UBS Group upped their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wells Fargo & Company boosted their price objective on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Harley-Davidson Trading Up 1.8%

Shares of HOG traded up $0.44 during mid-day trading on Monday, reaching $25.76. 77,347 shares of the company were exchanged, compared to its average volume of 3,290,234. Harley-Davidson has a 52 week low of $17.09 and a 52 week high of $31.25. The stock has a market capitalization of $2.71 billion, a PE ratio of 14.65, a PEG ratio of 15.15 and a beta of 1.26. The business has a 50 day simple moving average of $24.66 and a two-hundred day simple moving average of $21.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The company’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the business posted $1.07 EPS. On average, analysts predict that Harley-Davidson will post 0.39 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 2.9%. Harley-Davidson’s payout ratio is 42.61%.

Insiders Place Their Bets

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the sale, the chief financial officer directly owned 29,400 shares in the company, valued at $718,536. This trade represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.00, for a total value of $40,664.00. Following the completion of the sale, the insider owned 30,012 shares of the company’s stock, valued at $780,312. The trade was a 4.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,672 shares of company stock worth $116,266. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Harley-Davidson

A number of large investors have recently modified their holdings of the business. Pinnacle Holdings LLC purchased a new position in shares of Harley-Davidson during the fourth quarter worth $30,000. Fifth Third Bancorp lifted its holdings in shares of Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after buying an additional 579 shares during the period. Versant Capital Management Inc grew its holdings in Harley-Davidson by 858.2% during the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after acquiring an additional 1,459 shares during the period. Geneos Wealth Management Inc. raised its position in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Harley-Davidson by 1,758.9% during the 1st quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock worth $59,000 after purchasing an additional 2,779 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.