Harley-Davidson, Inc. (NYSE:HOG) Receives $42.00 Consensus Target Price from Brokerages

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $42.00.

Several research firms have weighed in on HOG. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America reduced their target price on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Citigroup dropped their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. UBS Group reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Robert W. Baird lowered their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 31st.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now directly owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Harley-Davidson

Several institutional investors have recently modified their holdings of HOG. Prospera Private Wealth LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC purchased a new stake in Harley-Davidson during the third quarter worth about $38,000. Signaturefd LLC raised its position in Harley-Davidson by 46.8% in the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after acquiring an additional 597 shares during the period. Brooklyn Investment Group purchased a new position in Harley-Davidson in the third quarter valued at about $79,000. Finally, GAMMA Investing LLC grew its position in shares of Harley-Davidson by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after acquiring an additional 494 shares during the period. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Stock Performance

NYSE:HOG opened at $29.47 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson has a twelve month low of $28.97 and a twelve month high of $44.16. The company has a fifty day moving average of $32.11 and a 200-day moving average of $34.44. The firm has a market capitalization of $3.75 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.44 and a beta of 1.48.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were issued a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 annualized dividend and a yield of 2.34%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.54%.

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.