DA Davidson Raises Harley-Davidson (NYSE:HOG) Price Target to $49.00

Harley-Davidson (NYSE:HOG) had its target price increased by DA Davidson from $42.00 to $49.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. UBS Group lifted their price objective on Harley-Davidson from $29.00 to $39.00 and gave the stock a neutral rating in a research report on Friday, February 16th. Bank of America lifted their price objective on Harley-Davidson from $50.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Citigroup lifted their target price on Harley-Davidson from $36.00 to $37.00 and gave the company a neutral rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets lifted their target price on Harley-Davidson from $45.00 to $50.00 and gave the company an outperform rating in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson has an average rating of Moderate Buy and a consensus target price of $46.67.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $39.71 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25. The business’s 50 day moving average price is $39.49 and its 200-day moving average price is $34.52. The firm has a market capitalization of $5.34 billion, a PE ratio of 8.24, a P/E/G ratio of 2.65 and a beta of 1.43. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The firm had revenue of $791.65 million for the quarter, compared to the consensus estimate of $875.29 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was down 13.8% compared to the same quarter last year. As a group, equities research analysts expect that Harley-Davidson will post 4.22 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were paid a $0.1725 dividend. The ex-dividend date was Friday, March 1st. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.74%. Harley-Davidson’s payout ratio is presently 14.32%.

Institutional Investors Weigh In On Harley-Davidson

A number of institutional investors have recently modified their holdings of HOG. Natixis Advisors L.P. grew its stake in shares of Harley-Davidson by 34.1% in the first quarter. Natixis Advisors L.P. now owns 36,335 shares of the company’s stock valued at $1,432,000 after buying an additional 9,243 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Harley-Davidson by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,394 shares of the company’s stock valued at $2,222,000 after buying an additional 5,377 shares in the last quarter. BlackRock Inc. grew its stake in shares of Harley-Davidson by 1.5% in the first quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock valued at $501,454,000 after buying an additional 194,089 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Harley-Davidson by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 86,260 shares of the company’s stock valued at $3,496,000 after buying an additional 6,447 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Harley-Davidson by 1.8% in the first quarter. Yousif Capital Management LLC now owns 85,664 shares of the company’s stock valued at $3,375,000 after buying an additional 1,495 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

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.