Harley Davidson, Inc. (NYSE:HOG) Receives Consensus Rating of “Hold” from Brokerages


Shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $47.29.

HOG has been the subject of a number of research reports. DA Davidson increased their price target on Harley-Davidson to $36.00 in a research note on Tuesday, August 9th. Bank of America dropped their price target on Harley-Davidson from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. StockNews.com cut Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Finally, Morgan Stanley dropped their price target on Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th.

Harley Davidson Trading Up 0.3 %

Shares of HOG stock opened at $37.20 on Thursday. The stock’s fifty day moving average price is $38.92 and its two-hundred day moving average price is $36.80. The company has a market cap of $5.44 billion, a PE ratio of 9.07, a P/E/G ratio of 0.78 and a beta of 1.31. Harley-Davidson has a fifty-two week low of $29.80 and a fifty-two week high of $44.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.25 and a current ratio of 1.44.

Harley-Davidson (NYSE:HOG – Get Rating) last issued its earnings results on Thursday, July 28th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.24 billion. Harley-Davidson had a return on equity of 25.73% and a net margin of 12.11%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS. Equities analysts predict that Harley-Davidson will post 4.53 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Monday, September 12th were given a dividend of $0.1575 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.37%.

Insider Buying and Selling

In other Harley-Davidson news, Director Rafeh Masood purchased 1,335 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was purchased at an average cost of $37.50 per share, for a total transaction of $50,062.50. Following the acquisition, the director now owns 1,335 shares in the company, valued at approximately $50,062.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Harley-Davidson

Several large investors have recently made changes to their positions in HOG. Lazard Asset Management LLC acquired a new stake in shares of Harley-Davidson in the 1st quarter valued at about $31,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Harley-Davidson in the 1st quarter valued at about $39,000. CX Institutional acquired a new position in Harley-Davidson during the 2nd quarter valued at about $40,000. Tradition Wealth Management LLC boosted its stake in Harley-Davidson by 120.8% during the 1st quarter. Tradition Wealth Management LLC now owns 1,340 shares of the company’s stock valued at $53,000 after purchasing an additional 733 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Harley-Davidson by 1,144.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock valued at $54,000 after purchasing an additional 1,270 shares during the last quarter. 87.12% of the stock is currently owned by institutional investors and hedge funds.

About Harley-Davidson

(GetRated)

Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

Further Reading

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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