Harley-Davidson Inc (HOG) Receives $52.56 Consensus PT from Brokerages

Harley-Davidson Inc (NYSE:HOG) has been given a consensus rating of “Hold” by the twenty-five analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $52.56.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, January 2nd. Goldman Sachs Group restated a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Longbow Research cut shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Stifel Nicolaus restated a “buy” rating and set a $48.00 price objective (down previously from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Finally, Argus upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, October 20th.

Shares of Harley-Davidson (NYSE HOG) traded up $1.48 during trading hours on Monday, hitting $53.63. 3,108,515 shares of the stock traded hands, compared to its average volume of 2,765,289. Harley-Davidson has a 12 month low of $44.52 and a 12 month high of $63.40. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. The firm has a market cap of $9,030.00, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Harley-Davidson had a net margin of 5.93% and a return on equity of 14.02%. The company had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. During the same quarter in the previous year, the company earned $0.64 EPS. Harley-Davidson’s revenue was down 11.9% on a year-over-year basis. sell-side analysts anticipate that Harley-Davidson will post 3.43 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, December 14th. Harley-Davidson’s payout ratio is currently 45.77%.

In other Harley-Davidson news, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $48.03, for a total value of $1,381,342.80. Following the transaction, the chief financial officer now owns 65,722 shares of the company’s stock, valued at $3,156,627.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lawrence G. Hund sold 8,660 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total transaction of $405,980.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,726 shares of company stock worth $2,816,641. Insiders own 0.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HOG. Victory Capital Management Inc. lifted its stake in Harley-Davidson by 16.3% in the second quarter. Victory Capital Management Inc. now owns 20,100 shares of the company’s stock valued at $1,086,000 after buying an additional 2,813 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Harley-Davidson by 69.0% in the second quarter. Pacer Advisors Inc. now owns 6,249 shares of the company’s stock valued at $338,000 after buying an additional 2,551 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Harley-Davidson by 34.1% in the second quarter. JPMorgan Chase & Co. now owns 212,111 shares of the company’s stock valued at $11,458,000 after buying an additional 53,956 shares in the last quarter. Engineers Gate Manager LP bought a new position in Harley-Davidson in the second quarter valued at approximately $1,951,000. Finally, Wells Fargo & Company MN lifted its stake in Harley-Davidson by 1.8% in the second quarter. Wells Fargo & Company MN now owns 1,376,843 shares of the company’s stock valued at $74,377,000 after buying an additional 24,517 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

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About Harley-Davidson

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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