Harley-Davidson (NYSE:HOG) Price Target Raised to $27.00

Harley-Davidson (NYSE:HOG) had its target price hoisted by Citigroup from $24.00 to $27.00 in a research note released on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued reports about the company. UBS Group dropped their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Robert W. Baird raised their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Finally, DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus target price of $30.00.

Harley-Davidson Trading Down 0.3%

NYSE HOG opened at $23.37 on Monday. The stock has a market cap of $2.84 billion, a P/E ratio of 8.72, a PEG ratio of 0.47 and a beta of 1.32. The company’s fifty day simple moving average is $23.82 and its 200-day simple moving average is $26.34. The company has a current ratio of 1.56, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Harley-Davidson has a 52 week low of $20.45 and a 52 week high of $39.93.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.27. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The firm had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The firm’s quarterly revenue was down 23.2% on a year-over-year basis. Equities research analysts predict that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, June 2nd. Harley-Davidson’s dividend payout ratio (DPR) is presently 26.87%.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock valued at $25,000 after acquiring an additional 949 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares during the last quarter. Assetmark Inc. boosted its position in Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the period. CX Institutional acquired a new position in Harley-Davidson during the 1st quarter valued at approximately $28,000. Finally, Financial Harvest LLC bought a new position in Harley-Davidson during the 1st quarter worth $30,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.