Harley-Davidson (NYSE:HOG) Price Target Cut to $45.00 by Analysts at BMO Capital Markets

Harley-Davidson (NYSE:HOG) had its price objective reduced by BMO Capital Markets from $50.00 to $45.00 in a research note released on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on HOG. Bank of America boosted their price target on Harley-Davidson from $50.00 to $55.00 and gave the company a buy rating in a report on Thursday, March 14th. Morgan Stanley started coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They set an overweight rating and a $50.00 price objective for the company. UBS Group boosted their price target on Harley-Davidson from $29.00 to $39.00 and gave the stock a neutral rating in a research report on Friday, February 16th. DA Davidson boosted their target price on Harley-Davidson from $42.00 to $49.00 and gave the stock a buy rating in a report on Thursday, April 11th. Finally, Citigroup lifted their target price on Harley-Davidson from $36.00 to $37.00 and gave the stock a neutral rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $46.43.

Harley-Davidson Trading Up 1.4 %

NYSE HOG opened at $35.25 on Friday. The company’s fifty day moving average price is $39.76 and its two-hundred day moving average price is $35.02. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.43. Harley-Davidson has a 12 month low of $25.43 and a 12 month high of $44.16. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.32.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.48 by $0.24. The business had revenue of $1.48 billion for 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%. As a group, research analysts predict that Harley-Davidson will post 4.29 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were given a $0.1725 dividend. 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. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.96%. Harley-Davidson’s dividend payout ratio (DPR) is 15.33%.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently bought and sold shares of HOG. Norges Bank purchased a new position in shares of Harley-Davidson in the fourth quarter worth approximately $51,860,000. Dimensional Fund Advisors LP boosted its stake 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 worth $193,115,000 after purchasing an additional 689,363 shares during the period. Boston Partners grew its position in Harley-Davidson by 10.1% during the 4th quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after purchasing an additional 659,654 shares in the last quarter. AQR Capital Management LLC raised its stake in Harley-Davidson by 917.7% during the 3rd quarter. AQR Capital Management LLC now owns 669,028 shares of the company’s stock valued at $22,118,000 after purchasing an additional 603,286 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Harley-Davidson by 47.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock valued at $41,955,000 after purchasing an additional 410,648 shares in the last quarter. 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.