Stifel Nicolaus Boosts Harley-Davidson (NYSE:HOG) Price Target to $27.00

Harley-Davidson (NYSE:HOG) had its target price hoisted by Stifel Nicolaus from $20.00 to $27.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other research firms also recently commented on HOG. Tigress Financial restated a buy rating on shares of Harley-Davidson in a research note on Wednesday, July 8th. Royal Bank of Canada upgraded shares of Harley-Davidson from an underperform rating to a sector perform rating and upped their target price for the stock from $19.00 to $28.00 in a research report on Friday, July 10th. Northcoast Research upgraded shares of Harley-Davidson from a neutral rating to a buy rating and set a $36.00 price target on the stock in a research report on Thursday, July 9th. William Blair reiterated a hold rating on shares of Harley-Davidson in a research report on Thursday, April 23rd. Finally, Wedbush reiterated an outperform rating and issued a $36.00 price target (up from $27.00) on shares of Harley-Davidson in a research report on Thursday, July 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of Hold and an average price target of $31.93.

Harley-Davidson stock opened at $26.03 on Wednesday. Harley-Davidson has a fifty-two week low of $14.31 and a fifty-two week high of $40.89. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.95 and a current ratio of 1.46. The firm has a 50 day moving average price of $25.85 and a 200 day moving average price of $25.74. The company has a market capitalization of $3.99 billion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 4.67 and a beta of 1.44.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 28th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.47). The company had revenue of $669.27 million during the quarter, compared to analyst estimates of $763.47 million. Harley-Davidson had a net margin of 1.72% and a return on equity of 9.55%. The firm’s revenue for the quarter was down 53.3% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. As a group, equities research analysts forecast that Harley-Davidson will post 0.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, September 9th. Harley-Davidson’s dividend payout ratio is currently 2.38%.

In other Harley-Davidson news, Chairman Jochen Zeitz purchased 97,850 shares of Harley-Davidson stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $21.26 per share, for a total transaction of $2,080,291.00. Following the transaction, the chairman now owns 97,850 shares in the company, valued at approximately $2,080,291. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its position in shares of Harley-Davidson by 215.9% in the 2nd quarter. Comerica Bank now owns 95,545 shares of the company’s stock worth $2,735,000 after buying an additional 65,302 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Harley-Davidson by 57.4% in the 2nd quarter. State of Michigan Retirement System now owns 55,700 shares of the company’s stock worth $1,324,000 after buying an additional 20,323 shares during the last quarter. Sciencast Management LP bought a new position in shares of Harley-Davidson in the 2nd quarter worth about $847,000. Raymond James & Associates lifted its position in shares of Harley-Davidson by 1,005.2% in the 2nd quarter. Raymond James & Associates now owns 181,885 shares of the company’s stock worth $4,323,000 after buying an additional 165,428 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its position in shares of Harley-Davidson by 54.9% in the 2nd quarter. Dupont Capital Management Corp now owns 10,135 shares of the company’s stock worth $241,000 after buying an additional 3,590 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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