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

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $46.43.

HOG has been the topic of several recent research reports. BMO Capital Markets reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Citigroup upped their price target on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. UBS Group upped their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Morgan Stanley initiated coverage on shares of Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target on the stock. Finally, Bank of America upped their price target on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, March 14th.

Institutional Investors Weigh In On Harley-Davidson

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Harley-Davidson by 47.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock worth $41,955,000 after acquiring an additional 410,648 shares in the last quarter. Alps Advisors Inc. boosted its stake in Harley-Davidson by 29.7% during the 3rd quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock valued at $343,000 after acquiring an additional 2,375 shares during the last quarter. Diversified Trust Co bought a new position in Harley-Davidson during the 4th quarter valued at $3,154,000. Pathstone Family Office LLC bought a new position in Harley-Davidson during the 3rd quarter valued at $565,000. Finally, Landscape Capital Management L.L.C. bought a new position in Harley-Davidson during the 3rd quarter valued at $641,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Down 2.5 %

HOG stock opened at $34.38 on Friday. The company has a market cap of $4.62 billion, a P/E ratio of 7.64, a P/E/G ratio of 2.23 and a beta of 1.43. Harley-Davidson has a 52 week low of $25.43 and a 52 week high of $44.16. The company’s 50-day moving average price is $39.76 and its 200 day moving average price is $35.02. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. On average, research analysts expect that Harley-Davidson will post 4.29 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were given a $0.1725 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 2.01%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is presently 15.33%.

Harley-Davidson Company Profile

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.