Harley-Davidson, Inc. (NYSE:HOG) Receives $39.14 Consensus Target Price from Brokerages

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $37.71.

Several research firms have issued reports on HOG. Robert W. Baird cut their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. UBS Group reduced their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Citigroup lowered their target price on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Bank of America lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday.

Institutional Investors Weigh In On Harley-Davidson

A number of institutional investors and hedge funds have recently modified their holdings of the company. MML Investors Services LLC raised its position in Harley-Davidson by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock worth $325,000 after buying an additional 379 shares during the last quarter. Covestor Ltd increased its stake in shares of Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after acquiring an additional 448 shares during the period. GAMMA Investing LLC raised its holdings in shares of Harley-Davidson by 24.6% during the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after purchasing an additional 494 shares during the last quarter. Blue Trust Inc. lifted its position in Harley-Davidson by 23.5% during the third quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock valued at $141,000 after purchasing an additional 697 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Harley-Davidson by 3.0% in the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock valued at $1,064,000 after purchasing an additional 807 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Trading Up 0.2 %

Shares of NYSE:HOG opened at $27.58 on Friday. The company has a market capitalization of $3.51 billion, a PE ratio of 6.21, a P/E/G ratio of 0.34 and a beta of 1.48. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 12-month low of $27.18 and a 12-month high of $44.16. The business’s fifty day simple moving average is $30.75 and its 200-day simple moving average is $33.91.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio is presently 15.54%.

About Harley-Davidson

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.