Harley-Davidson, Inc. (NYSE:HOG) Stock Has Average Price Target of $27.44 According to Brokerages

Harley-Davidson, Inc. (NYSE:HOG) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.44.

A number of brokerages have weighed in on HOG. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. DA Davidson upped their price target on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Weiss Ratings raised Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Griffin Securities set a $33.00 price target on shares of Harley-Davidson in a research note on Monday, August 17th.

Insider Transactions at Harley-Davidson

In other news, CEO Artie Starrs acquired 10,000 shares of Harley-Davidson stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $25.89 per share, with a total value of $258,900.00. Following the purchase, the chief executive officer owned 25,000 shares in the company, valued at $647,250. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jonathan R. Root sold 1,554 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total transaction of $42,672.84. Following the sale, the chief financial officer directly owned 26,292 shares of the company’s stock, valued at $721,978.32. The trade was a 5.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have purchased 57,500 shares of company stock valued at $1,439,550 and have sold 4,662 shares valued at $119,316. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HOG. Aberdeen Wealth Management LLC acquired a new stake in shares of Harley-Davidson in the second quarter valued at approximately $29,000. Pinnacle Holdings LLC acquired a new position in Harley-Davidson during the second quarter worth $36,000. Versant Capital Management Inc grew its holdings in Harley-Davidson by 858.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock valued at $40,000 after buying an additional 1,459 shares in the last quarter. Bessemer Group Inc. grew its holdings in Harley-Davidson by 1,758.9% in the 1st quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock valued at $59,000 after buying an additional 2,779 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Harley-Davidson in the 2nd quarter worth $59,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Down 1.9%

Shares of HOG stock opened at $25.50 on Friday. Harley-Davidson has a twelve month low of $17.09 and a twelve month high of $29.22. The stock has a market cap of $2.65 billion, a P/E ratio of 15.64, a P/E/G ratio of 8.55 and a beta of 1.29. The stock has a 50 day moving average of $26.84 and a 200 day moving average of $24.45. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company earned $0.88 EPS. The business’s revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Harley-Davidson will post 0.56 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.75 dividend on an annualized basis and a yield of 2.9%. Harley-Davidson’s dividend payout ratio (DPR) is currently 46.01%.

About Harley-Davidson

Harley-Davidson, Inc is a Milwaukee, Wisconsin-based motorcycle company founded in 1903. Through its Harley-Davidson Motor Company business, it designs, manufactures and sells heavyweight motorcycles known for their touring, cruiser and performance-oriented models. The company also markets motorcycle parts, accessories, riding gear, apparel and branded merchandise.

Harley-Davidson sells its products through a network of independently owned dealerships and other distribution channels in North America and international markets, including Europe, the Middle East, Africa, Asia-Pacific and Latin America.