Harley-Davidson, Inc. (NYSE:HOG) Receives $42.00 Consensus Price Target from Analysts

Harley-Davidson, Inc. (NYSE:HOG) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $42.00.

A number of equities research analysts recently weighed in on HOG shares. Citigroup dropped their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird cut 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 note on Tuesday, December 31st. Bank of America reduced their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. UBS Group lowered their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Insider Transactions at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Trading of Harley-Davidson

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new stake in Harley-Davidson in the third quarter valued at about $38,000. Signaturefd LLC grew its position in Harley-Davidson by 46.8% in the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares during the last quarter. Brooklyn Investment Group acquired a new position in Harley-Davidson during the third quarter worth about $79,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Harley-Davidson by 24.6% in the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after acquiring an additional 494 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

HOG opened at $30.01 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 12-month low of $28.97 and a 12-month high of $44.16. The business has a 50 day moving average of $32.23 and a 200-day moving average of $34.49. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.44 and a beta of 1.48.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio is currently 15.54%.

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.