Harley-Davidson, Inc. (NYSE:HOG) Given Consensus Recommendation of “Hold” by Analysts

Harley-Davidson, Inc. (NYSE:HOG) has received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.8571.

HOG has been the subject of a number of research reports. Loop Capital assumed coverage on Harley-Davidson in a research note on Tuesday, November 25th. They set a “hold” rating and a $21.00 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harley-Davidson in a research note on Thursday, January 22nd. UBS Group dropped their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Citigroup reduced their price objective on shares of Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, Morgan Stanley set a $18.00 target price on shares of Harley-Davidson in a report on Friday, January 16th.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Harley-Davidson by 139.0% in 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. Fifth Third Bancorp boosted its stake in Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after purchasing an additional 579 shares during the period. Geneos Wealth Management Inc. grew its position in Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares in the last quarter. Westfuller Advisors LLC purchased a new position in Harley-Davidson during the 3rd quarter worth approximately $67,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Harley-Davidson by 37.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,900 shares of the company’s stock valued at $68,000 after purchasing an additional 790 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Down 1.7%

Harley-Davidson stock opened at $20.15 on Thursday. Harley-Davidson has a 52 week low of $19.33 and a 52 week high of $31.25. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 4.89, a PEG ratio of 0.52 and a beta of 1.39. The company’s 50-day moving average price is $21.05 and its two-hundred day moving average price is $24.80. The company has a current ratio of 2.51, a quick ratio of 2.36 and a debt-to-equity ratio of 0.88.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, February 10th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($1.52). Harley-Davidson had a net margin of 11.37% and a return on equity of 15.19%. The company had revenue of $496.16 million during the quarter, compared to the consensus estimate of $482.21 million. On average, analysts expect that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Tuesday, December 9th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $0.72 annualized dividend and a dividend yield of 3.6%. Harley-Davidson’s dividend payout ratio (DPR) is currently 17.48%.

Harley-Davidson Company Profile

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.