Harley-Davidson (NYSE:HOG) Shares Gap Up to $33.87

Harley-Davidson, Inc. (NYSE:HOG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $33.87, but opened at $37.16. Harley-Davidson shares last traded at $36.62, with a volume of 504,818 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have commented on HOG. Citigroup lowered their target price on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. Robert W. Baird reissued an “outperform” rating and set a $40.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 2nd. BMO Capital Markets lowered their target price 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. DA Davidson increased 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, Morgan Stanley began coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.57.

Harley-Davidson Trading Up 9.4 %

The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.32. The company’s 50 day moving average is $34.18 and its two-hundred day moving average is $36.34. The firm has a market cap of $4.99 billion, a P/E ratio of 8.12, a PEG ratio of 1.29 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. On average, sell-side analysts predict that Harley-Davidson, Inc. will post 4.39 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Wednesday, June 5th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Wednesday, June 5th. Harley-Davidson’s payout ratio is presently 15.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Harley-Davidson by 19.0% in the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after acquiring an additional 320 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Harley-Davidson by 19.5% in the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after purchasing an additional 322 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Harley-Davidson by 0.7% in the first quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock valued at $2,273,000 after purchasing an additional 345 shares in the last quarter. US Bancorp DE increased its holdings in shares of Harley-Davidson by 2.2% in the fourth quarter. US Bancorp DE now owns 16,023 shares of the company’s stock valued at $590,000 after purchasing an additional 346 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Harley-Davidson by 22.3% in the fourth quarter. National Bank of Canada FI now owns 2,054 shares of the company’s stock valued at $74,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

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.