Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $47.14

Harley-Davidson, Inc. (NYSE:HOG) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $46.43.

Several analysts have recently commented on the stock. Morgan Stanley initiated coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 price target on the stock. BMO Capital Markets reduced their target price on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday. UBS Group boosted their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. 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. Finally, Citigroup upped their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HOG. Boston Partners lifted its position in shares of Harley-Davidson by 10.1% in the 4th quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after buying an additional 659,654 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Harley-Davidson by 0.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 5,355,504 shares of the company’s stock valued at $177,053,000 after purchasing an additional 22,595 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Harley-Davidson by 15.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock valued at $193,115,000 after purchasing an additional 689,363 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Harley-Davidson by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock valued at $48,330,000 after purchasing an additional 12,332 shares during the last quarter. Finally, Norges Bank bought a new stake in Harley-Davidson in the 4th quarter valued at about $51,860,000. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Trading Up 4.6 %

Shares of NYSE HOG opened at $34.75 on Friday. Harley-Davidson has a 1-year low of $25.43 and a 1-year high of $44.16. The stock has a market capitalization of $4.67 billion, a P/E ratio of 7.72, a PEG ratio of 2.26 and a beta of 1.43. The business’s 50 day moving average is $39.81 and its two-hundred day moving average is $34.98. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.25.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data 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 return on equity of 19.48% and a net margin of 11.03%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. As a group, research analysts expect that Harley-Davidson will post 4.29 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.99%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.33%.

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.