Harley-Davidson (NYSE:HOG) Shares Up 4.1% – Still a Buy?

Harley-Davidson, Inc. (NYSE:HOG)’s share price was up 4.1% during trading on Monday . The company traded as high as $25.66 and last traded at $25.72. Approximately 535,649 shares traded hands during trading, a decline of 78% from the average daily volume of 2,394,782 shares. The stock had previously closed at $24.71.

Analysts Set New Price Targets

A number of analysts have issued reports on HOG shares. Morgan Stanley decreased their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Bank of America reduced 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, January 30th. Robert W. Baird increased their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th. Citigroup reduced their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.17.

Harley-Davidson Stock Up 1.6%

The company has a market cap of $3.05 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 0.38 and a beta of 1.30. The business has a 50-day simple moving average of $23.76 and a two-hundred day simple moving average of $27.60. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.27. The firm had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The business’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 earnings per share. As a group, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.87%. Harley-Davidson’s payout ratio is currently 26.87%.

Institutional Trading of Harley-Davidson

Several institutional investors have recently added to or reduced their stakes in HOG. Venturi Wealth Management LLC boosted its stake in Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock worth $25,000 after buying an additional 949 shares in the last quarter. Assetmark Inc. boosted its position in Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the period. CX Institutional bought a new stake in shares of Harley-Davidson in the 1st quarter worth $28,000. Finally, Financial Harvest LLC purchased a new stake in shares of Harley-Davidson during the first quarter worth $30,000. 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.