Harley-Davidson’s (HOG) “Outperform” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their outperform rating on shares of Harley-Davidson (NYSE:HOG) in a research note released on Tuesday, Benzinga reports. The brokerage currently has a $40.00 target price on the stock.

Several other brokerages have also weighed in on HOG. DA Davidson upped their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a buy rating in a research report on Thursday, April 11th. BMO Capital Markets lowered their target price on shares of Harley-Davidson from $50.00 to $45.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Bank of America increased their price target 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 14th. 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 price target on the stock. Finally, Citigroup lowered their price target 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $44.57.

Harley-Davidson Trading Up 1.4 %

NYSE HOG opened at $32.43 on Tuesday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 7.21, a P/E/G ratio of 1.04 and a beta of 1.46. Harley-Davidson has a 52-week low of $25.43 and a 52-week high of $44.16. The firm has a 50-day moving average price of $34.45 and a 200 day moving average price of $36.49. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, topping 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 company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. Equities research analysts expect that Harley-Davidson will post 4.46 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Wednesday, June 5th were given a dividend of $0.1725 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.69 dividend on an annualized basis and a yield of 2.13%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.33%.

Institutional Trading of Harley-Davidson

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted 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 last quarter. Lighthouse Investment Partners LLC acquired a new stake in Harley-Davidson during the fourth quarter worth approximately $1,133,000. Campbell & CO Investment Adviser LLC purchased a new position in Harley-Davidson during the fourth quarter worth approximately $1,696,000. Alps Advisors Inc. raised its stake in Harley-Davidson by 29.7% during the third quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock worth $343,000 after purchasing an additional 2,375 shares during the period. Finally, Diversified Trust Co purchased a new position in Harley-Davidson during the fourth quarter worth approximately $3,154,000. 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.