Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) PT at $26.11

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned an average rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $26.1111.

HOG has been the topic of several research reports. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Loop Capital upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Monday, July 20th. Morgan Stanley lifted their price objective on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. DA Davidson lifted their price target on Harley-Davidson from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Robert W. Baird boosted their target price on shares of Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, July 24th.

Insider Activity at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the sale, the chief financial officer owned 27,846 shares of the company’s stock, valued at $692,808.48. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel J. Nova purchased 40,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $24.57 per share, for a total transaction of $982,800.00. Following the completion of the transaction, the director directly owned 47,605 shares of the company’s stock, valued at $1,169,654.85. The trade was a 525.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 6,226 shares of company stock valued at $154,930. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Harley-Davidson

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Harley-Davidson in the 4th quarter valued at about $25,766,000. Robinson Value Management Ltd. acquired a new stake in shares of Harley-Davidson during the first quarter valued at about $3,215,000. Caxton Associates LLP purchased a new stake in shares of Harley-Davidson in the 1st quarter valued at approximately $957,000. Money Concepts Capital Corp acquired a new position in shares of Harley-Davidson in the 4th quarter worth approximately $1,317,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Harley-Davidson by 8.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after purchasing an additional 163,762 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

Shares of HOG stock opened at $26.21 on Thursday. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 18.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The stock’s 50-day simple moving average is $25.40 and its 200-day simple moving average is $22.60. Harley-Davidson has a fifty-two week low of $17.09 and a fifty-two week high of $31.25.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. As a group, equities analysts forecast that Harley-Davidson will post 0.5 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s payout ratio is presently 46.01%.

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.