Harley-Davidson, Inc. (NYSE:HOG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Harley-Davidson, Inc. (NYSE:HOG) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $32.00.

Several brokerages have recently issued reports on HOG. Morgan Stanley lowered their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Bank of America decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. Citigroup decreased their target price on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group cut their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’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 transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson during the 4th quarter valued at $50,368,000. Pacer Advisors Inc. increased its stake in shares of Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after buying an additional 1,285,225 shares in the last quarter. Brickwood Asset Management LLP acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at $27,783,000. Raymond James Financial Inc. acquired a new position in Harley-Davidson during the 4th quarter worth about $18,802,000. Finally, American Century Companies Inc. increased its position in Harley-Davidson by 14.2% in the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock valued at $105,352,000 after acquiring an additional 435,200 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Up 3.2 %

Harley-Davidson stock opened at $22.56 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. Harley-Davidson has a fifty-two week low of $20.45 and a fifty-two week high of $40.14. The firm has a fifty day moving average price of $24.81 and a two-hundred day moving average price of $29.28. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 0.38 and a beta of 1.28.

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

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is 21.62%.

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.