Harley Davidson, Inc. (NYSE:HOG) gets an average rating of ‘Moderate Buy’ from brokers


Harley Davidson, Inc. (NYSE:HOG – Get Free Report) has an average recommendation of “Moderate Buy” from the seven analysts currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts who have updated their coverage of the stock in the last year is $46.00.

Several analysts have recently commented on HOG stock. UBS Group raised their price objective on Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, February 16. Bank of America raised their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, March 14. Morgan Stanley initiated coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They gave the stock an ‘overweight’ rating and a target price of €50.00. DA Davidson raised their price objective on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11. Finally, Citigroup lowered its price target on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday.

Get our latest analysis on Harley-Davidson

Harley-Davidson Stock Performance

Shares of Harley-Davidson opened at $32.51 on Friday. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 7.22, a price-to-earnings ratio of 1.05, and a beta of 1.47. The company has a 50-day simple moving average of $36.35 and a two-hundred-day simple moving average of $36.36. Harley-Davidson has a one-year low of $25.43 and a one-year high of $44.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54.

Harley-Davidson (NYSE:HOG – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.24. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. Research analysts expect Harley-Davidson to post 4.64 earnings per share for the current fiscal year.

Harley-Davidson dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21. Shareholders of record on Wednesday, June 5 will receive a dividend of $0.1725 per share. The ex-dividend date is Wednesday, June 5. This represents a dividend of $0.69 annually and a dividend yield of 2.12%. Harley-Davidson’s payout percentage is 15.33%.

Institutional inflow and outflow

Major investors have recently changed their ownership in the company. Charles Schwab Investment Management Inc. increased its stake in Harley-Davidson stock by 47.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock, valued at $41,955,000, after purchasing an additional 410,648 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Harley-Davidson by 53.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,635 shares of the company’s stock worth $451,000 after purchasing an additional 4,730 shares during the period. Pathstone Family Office LLC bought a new position in Harley-Davidson in the third quarter valued at $565,000. HighTower Advisors LLC increased its holdings in Harley-Davidson by 9.8% in the third quarter. HighTower Advisors LLC now owns 9,904 shares of the company’s stock valued at $330,000 after purchasing an additional 882 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Harley-Davidson shares by 35.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,768 shares of the company’s stock valued at $323,000 after acquiring an additional 2,538 shares last quarter. Institutional investors and hedge funds own 85.10% of the company’s shares.

About Harley Davidson

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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, and licenses its trademarks and related services.

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Analyst recommendations for Harley-Davidson (NYSE:HOG)



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