Harley-Davidson, Inc. (NYSE:HOG) Receives $23.50 Average Price Target from Brokerages

Harley-Davidson, Inc. (NYSE:HOG) has received a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.50.

HOG has been the topic of a number of research analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $12.00 price target on shares of Harley-Davidson in a report on Tuesday, February 17th. Loop Capital initiated coverage on shares of Harley-Davidson in a research report on Tuesday, November 25th. They set a “hold” rating and a $21.00 target price for the company. Citigroup lowered their price target on shares of Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating and set a $24.00 price objective on shares of Harley-Davidson in a report on Wednesday, February 11th. Finally, Argus upgraded Harley-Davidson to a “strong-buy” rating in a research note on Tuesday, February 17th.

Insider Activity

In other Harley-Davidson news, Director Rafeh Masood purchased 2,775 shares of the stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $18.00 per share, with a total value of $49,950.00. Following the completion of the transaction, the director directly owned 7,480 shares in the company, valued at approximately $134,640. This trade represents a 58.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Farley, Jr. sold 6,454 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $18.71, for a total transaction of $120,754.34. Following the completion of the transaction, the director directly owned 16,205 shares of the company’s stock, valued at approximately $303,195.55. This trade represents a 28.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is owned by company insiders.

Institutional Trading of Harley-Davidson

Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Harley-Davidson by 62.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock valued at $2,183,000 after purchasing an additional 33,097 shares in the last quarter. Empowered Funds LLC boosted its stake in Harley-Davidson by 18.3% during the first quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock valued at $443,000 after buying an additional 2,712 shares during the period. Geneos Wealth Management Inc. grew its position in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after buying an additional 1,278 shares in the last quarter. AlphaQuest LLC increased its stake in Harley-Davidson by 590.0% in the 2nd quarter. AlphaQuest LLC now owns 8,680 shares of the company’s stock worth $205,000 after acquiring an additional 7,422 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Harley-Davidson by 4.1% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 76,068 shares of the company’s stock valued at $1,795,000 after acquiring an additional 3,012 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $19.42 on Monday. The company has a market capitalization of $2.17 billion, a PE ratio of 7.44 and a beta of 1.42. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $20.20 and its 200-day moving average price is $24.17. Harley-Davidson has a twelve month low of $17.11 and a twelve month high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($1.52). The business had revenue of $496.16 million for the quarter, compared to the consensus estimate of $482.21 million. Harley-Davidson had a return on equity of 10.27% and a net margin of 8.03%.The business’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.93) earnings per share. On average, equities analysts anticipate that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.1875 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.18. This represents a $0.75 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, March 2nd. Harley-Davidson’s dividend payout ratio (DPR) is 28.74%.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.