Analysts Set Harley-Davidson, Inc. (NYSE:HOG) Target Price at $46.00

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $46.00.

HOG has been the topic of several research reports. BMO Capital Markets dropped their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Citigroup cut their price objective on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. Morgan Stanley assumed coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price for the company. DA Davidson raised their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Bank of America upped their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, March 14th.

Harley-Davidson Stock Performance

Shares of HOG opened at $33.67 on Friday. The company has a market capitalization of $4.53 billion, a PE ratio of 7.48, a PEG ratio of 1.10 and a beta of 1.47. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54. The company’s 50 day moving average price is $35.37 and its 200 day moving average price is $36.49. Harley-Davidson has a 52 week low of $25.43 and a 52 week high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Research analysts expect that Harley-Davidson will post 4.48 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Wednesday, June 5th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Wednesday, June 5th. Harley-Davidson’s dividend payout ratio (DPR) is 15.33%.

Hedge Funds Weigh In On Harley-Davidson

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Harley-Davidson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after buying an additional 452,536 shares during the last quarter. Boston Partners grew its stake in shares of Harley-Davidson by 10.1% in the fourth quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after acquiring an additional 659,654 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Harley-Davidson by 15.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after acquiring an additional 689,363 shares during the period. LSV Asset Management raised its stake in Harley-Davidson by 0.7% during the 1st quarter. LSV Asset Management now owns 4,863,368 shares of the company’s stock valued at $212,724,000 after purchasing an additional 33,667 shares during the last quarter. Finally, Norges Bank bought a new stake in Harley-Davidson in the 4th quarter valued at $51,860,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Company Profile

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.