Harley-Davidson, Inc. (NYSE:HOG – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $36.94, but opened at $35.05. Harley-Davidson shares last traded at $35.70, with a volume of 335,776 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on HOG shares. 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. DA Davidson increased their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley started 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. BMO Capital Markets cut their price target 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. Finally, Citigroup increased their price target on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Moderate Buy” and a consensus price target of $46.43.
Harley-Davidson Stock Down 5.4 %
The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.12 and a beta of 1.47. The firm’s fifty day simple moving average is $37.78 and its 200 day simple moving average is $36.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54.
Harley-Davidson (NYSE:HOG – Get Free Report) last issued its quarterly 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. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. On average, sell-side analysts forecast that Harley-Davidson, Inc. will post 4.64 earnings per share for the current year.
Harley-Davidson Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.69 annualized dividend and a dividend yield of 1.97%. Harley-Davidson’s dividend payout ratio is currently 15.33%.
Hedge Funds Weigh In On Harley-Davidson
Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in Harley-Davidson by 47.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock worth $41,955,000 after purchasing an additional 410,648 shares during the period. 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 purchasing an additional 689,363 shares during the period. Alps Advisors Inc. boosted its position 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. Diversified Trust Co acquired a new stake in shares of Harley-Davidson during the fourth quarter worth $3,154,000. Finally, Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter worth $51,860,000. 85.10% of the stock is owned by institutional investors.
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.