Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $39.14

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $37.71.

A number of research firms recently issued reports on HOG. Citigroup dropped their price target on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Bank of America cut their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley lowered shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $40.00 to $33.00 in a research note on Tuesday, January 21st. UBS Group cut their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Harley-Davidson Stock Performance

NYSE HOG opened at $27.58 on Friday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.34 and a beta of 1.48. Harley-Davidson has a twelve month low of $27.18 and a twelve month high of $44.16. The stock has a 50-day moving average of $30.75 and a 200 day moving average of $33.91. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.50%. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Hedge Funds Weigh In On Harley-Davidson

A number of institutional investors have recently added to or reduced their stakes in HOG. Pacer Advisors Inc. grew its holdings in Harley-Davidson by 22,680.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock valued at $161,166,000 after buying an additional 4,164,502 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Harley-Davidson by 559.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after acquiring an additional 334,830 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Harley-Davidson by 174.4% in the second quarter. Squarepoint Ops LLC now owns 419,775 shares of the company’s stock valued at $14,079,000 after purchasing an additional 266,806 shares during the period. AQR Capital Management LLC increased its position in Harley-Davidson by 1,179.1% during the second quarter. AQR Capital Management LLC now owns 270,102 shares of the company’s stock worth $9,048,000 after purchasing an additional 248,986 shares during the last quarter. Finally, Barclays PLC raised its stake in Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after purchasing an additional 162,899 shares during the period. Hedge funds and other institutional investors 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.