Analysts Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $33.57

Harley-Davidson, Inc. (NYSE:HOG) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $33.57.

A number of equities analysts have recently commented on the stock. Citigroup cut their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. UBS Group dropped their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Morgan Stanley dropped their target price on shares of 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. Robert W. Baird dropped their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Finally, DA Davidson dropped their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th.

Insiders Place Their Bets

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares of the company’s stock, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Harley-Davidson by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company’s stock worth $205,940,000 after buying an additional 332,928 shares during the period. LSV Asset Management increased its stake in shares of Harley-Davidson by 0.4% in the fourth quarter. LSV Asset Management now owns 5,498,635 shares of the company’s stock worth $165,674,000 after buying an additional 19,453 shares during the period. Pacer Advisors Inc. increased its stake in shares of Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock worth $164,754,000 after buying an additional 1,285,225 shares during the period. American Century Companies Inc. increased its stake in shares of Harley-Davidson by 14.2% in the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock worth $105,352,000 after buying an additional 435,200 shares during the period. Finally, Donald Smith & CO. Inc. purchased a new position in shares of Harley-Davidson in the fourth quarter worth $50,368,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Price Performance

HOG stock opened at $25.38 on Monday. The firm has a 50 day moving average of $26.77 and a 200-day moving average of $31.41. 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 12 month low of $23.81 and a 12 month high of $44.16. The firm has a market capitalization of $3.16 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.84%. Harley-Davidson’s dividend payout ratio (DPR) is 21.62%.

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.