UBS Group Lowers Harley-Davidson (NYSE:HOG) Price Target to $28.00

Harley-Davidson (NYSE:HOG) had its price objective cut by UBS Group from $35.00 to $28.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. DA Davidson cut their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Bank of America cut their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Citigroup cut their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Morgan Stanley cut their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Robert W. Baird cut their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.57.

Harley-Davidson Trading Up 0.8 %

NYSE HOG opened at $26.97 on Thursday. The company’s fifty day simple moving average is $28.61 and its 200-day simple moving average is $32.90. Harley-Davidson has a 52 week low of $25.25 and a 52 week high of $44.16. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.43 billion, a P/E ratio of 8.10, a PEG ratio of 0.37 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the firm earned $0.18 earnings per share. Equities research analysts predict that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.18 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.67%. Harley-Davidson’s payout ratio is presently 20.72%.

Insider Buying and Selling at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after acquiring an additional 554 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Harley-Davidson during the third quarter valued at about $35,000. Ashton Thomas Securities LLC purchased a new stake in Harley-Davidson during the third quarter valued at about $38,000. Bessemer Group Inc. boosted its holdings in shares of Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $42,000. 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.