Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) Target Price at $26.11

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $26.1111.

A number of research analysts recently commented on HOG shares. Loop Capital upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, July 20th. Wells Fargo & Company raised their price objective on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Citigroup boosted their price objective on Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Sunday, July 12th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Robert W. Baird increased their target price on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th.

Harley-Davidson Trading Up 3.0%

HOG stock opened at $25.29 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The company has a fifty day moving average price of $25.29 and a two-hundred day moving average price of $22.53. Harley-Davidson has a one year low of $17.09 and a one year high of $31.25. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 16.81 and a beta of 1.26.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Equities analysts anticipate that Harley-Davidson will post 0.5 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s dividend payout ratio is currently 46.01%.

Insiders Place Their Bets

In other news, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the sale, the chief financial officer owned 29,400 shares of the company’s stock, valued at approximately $718,536. The trade was a 5.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the transaction, the insider owned 30,012 shares in the company, valued at $780,312. This trade represents a 4.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,672 shares of company stock worth $116,266 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Institutional Trading of Harley-Davidson

Hedge funds and other institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. boosted its stake in shares of Harley-Davidson by 30.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after buying an additional 2,095,477 shares during the period. Bank of America Corp DE increased its stake in Harley-Davidson by 456.7% during the 1st quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock worth $35,089,000 after acquiring an additional 1,423,675 shares during the period. Aegis Financial Corp acquired a new position in Harley-Davidson in the 1st quarter valued at $27,681,000. Norges Bank bought a new stake in shares of Harley-Davidson during the 4th quarter valued at $25,766,000. Finally, Pacer Advisors Inc. lifted its position in shares of Harley-Davidson by 6,537.2% during the 1st quarter. Pacer Advisors Inc. now owns 937,836 shares of the company’s stock valued at $18,963,000 after acquiring an additional 923,706 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.