Harley-Davidson (NYSE:HOG) Price Target Lowered to $28.00 at UBS Group

Harley-Davidson (NYSE:HOG) had its price target decreased by UBS Group from $35.00 to $28.00 in a research report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. Robert W. Baird cut their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Morgan Stanley reduced their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Bank of America decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. DA Davidson cut their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.57.

Harley-Davidson Price Performance

Shares of HOG stock opened at $26.47 on Thursday. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.38 and a beta of 1.46. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson has a twelve month low of $25.25 and a twelve month high of $44.16. The stock has a fifty day simple moving average of $28.49 and a two-hundred day simple moving average of $32.81.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, analysts predict that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.18 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, February 28th. Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%.

Insiders Place Their Bets

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Institutional Trading of Harley-Davidson

Several large investors have recently added to or reduced their stakes in HOG. Pacer Advisors Inc. raised its stake in shares of Harley-Davidson by 22,680.0% in the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock worth $161,166,000 after purchasing an additional 4,164,502 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in Harley-Davidson during the 4th quarter worth approximately $50,368,000. Brickwood Asset Management LLP acquired a new stake in Harley-Davidson during the 4th quarter valued at approximately $27,783,000. Raymond James Financial Inc. purchased a new stake in shares of Harley-Davidson in the 4th quarter valued at $18,802,000. Finally, American Century Companies Inc. boosted its holdings in shares of Harley-Davidson by 14.2% in the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock valued at $105,352,000 after acquiring an additional 435,200 shares during the last quarter. Hedge funds and other institutional investors 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.