Harley-Davidson (NYSE:HOG) PT Lowered to $45.00 at BMO Capital Markets

Harley-Davidson (NYSE:HOG) had its price objective reduced by BMO Capital Markets from $50.00 to $45.00 in a research report sent to investors on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on HOG. Bank of America raised their price objective on Harley-Davidson from $50.00 to $55.00 and gave the company a buy rating in a report on Thursday, March 14th. Citigroup raised their price target on Harley-Davidson from $36.00 to $37.00 and gave the company a neutral rating in a research note on Tuesday, February 27th. Morgan Stanley started coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They set an overweight rating and a $50.00 price objective on the stock. DA Davidson raised their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a buy rating in a research note on Thursday, April 11th. Finally, UBS Group upped their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a neutral rating in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $46.43.

Harley-Davidson Trading Up 1.4 %

NYSE:HOG opened at $35.25 on Friday. The company has a market cap of $4.74 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.43. Harley-Davidson has a twelve month low of $25.43 and a twelve month high of $44.16. The business has a 50 day moving average price of $39.76 and a two-hundred day moving average price of $35.02. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.48 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. As a group, analysts expect that Harley-Davidson will post 4.29 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a dividend of $0.1725 per share. The ex-dividend date was Friday, March 1st. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.96%. Harley-Davidson’s payout ratio is presently 15.33%.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds have recently added to or reduced their stakes in HOG. Quadrant Capital Group LLC increased its holdings in shares of Harley-Davidson by 95.0% in the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares during the last quarter. BKM Wealth Management LLC acquired a new position in Harley-Davidson in the 4th quarter valued at about $36,000. Principal Securities Inc. bought a new position in Harley-Davidson in the 4th quarter valued at about $38,000. Lindbrook Capital LLC lifted its position in Harley-Davidson by 66.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock worth $39,000 after acquiring an additional 423 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Harley-Davidson during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

About Harley-Davidson

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.