Harley-Davidson, Inc. (NYSE:HOG) Receives $24.22 Consensus PT from Analysts

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.3333.

HOG has been the topic of several analyst reports. UBS Group increased their price objective on shares of Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Morgan Stanley raised their price target on Harley-Davidson from $12.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. Finally, Robert W. Baird set a $28.00 price objective on Harley-Davidson in a report on Wednesday, May 6th.

Harley-Davidson Trading Up 2.4%

Shares of HOG stock opened at $25.93 on Friday. The company has a market capitalization of $2.73 billion, a P/E ratio of 14.74, a P/E/G ratio of 15.09 and a beta of 1.26. Harley-Davidson has a 12-month low of $17.09 and a 12-month high of $31.25. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $24.71 and a 200 day moving average price of $21.87.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The business had revenue of $1.17 billion for 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 for the quarter was down 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. Research analysts forecast that Harley-Davidson will post 0.4 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

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

Insider Buying and Selling

In related news, CFO Jonathan R. Root sold 1,554 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total transaction of $37,979.76. Following the completion of the sale, the chief financial officer directly owned 29,400 shares of the company’s stock, valued at approximately $718,536. This represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the sale, the insider owned 30,012 shares in the company, valued at $780,312. This trade represents a 4.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $116,266. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management increased its holdings in Harley-Davidson by 4.7% during the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock worth $284,000 after purchasing an additional 454 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Harley-Davidson by 1.8% in the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock valued at $575,000 after purchasing an additional 500 shares in the last quarter. Allworth Financial LP boosted its position in shares of Harley-Davidson by 13.7% during the third quarter. Allworth Financial LP now owns 4,314 shares of the company’s stock worth $120,000 after buying an additional 519 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Harley-Davidson by 139.0% during the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock worth $26,000 after buying an additional 549 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

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.