UBS Group Cuts Harley-Davidson (NYSE:HOG) Price Target to $28.00

Harley-Davidson (NYSE:HOG) had its target price trimmed by UBS Group from $35.00 to $28.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms also recently commented on HOG. Citigroup dropped their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. DA Davidson reduced their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley decreased their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Robert W. Baird cut their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Harley-Davidson has an average rating of “Hold” and an average target price of $33.57.

Harley-Davidson Stock Down 1.8 %

Shares of HOG opened at $26.47 on Thursday. The business’s 50 day moving average is $28.49 and its 200 day moving average is $32.81. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson has a 12-month low of $25.25 and a 12-month high of $44.16. The company has a market capitalization of $3.37 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the prior year, the firm posted $0.18 EPS. Research analysts expect that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.18 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.72%. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now owns 23,555 shares of the company’s stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HOG. Venturi Wealth Management LLC boosted 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 valued at $26,000 after acquiring an additional 554 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Harley-Davidson during the third quarter worth $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of Harley-Davidson during the third quarter valued at $38,000. Bessemer Group Inc. grew its holdings in shares of Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson in the 4th quarter worth about $42,000. Institutional investors 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.