Harley-Davidson (NYSE:HOG) Price Target Lowered to $31.00 at Morgan Stanley

Harley-Davidson (NYSE:HOG) had its price objective decreased by Morgan Stanley from $33.00 to $31.00 in a research note released on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently weighed in on HOG. Citigroup lowered their price target on Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Robert W. Baird lowered their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. UBS Group cut their price target 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. DA Davidson lowered their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.57.

Harley-Davidson Trading Up 1.2 %

NYSE:HOG opened at $26.72 on Thursday. Harley-Davidson has a 1 year low of $25.25 and a 1 year high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The stock has a fifty day moving average price of $30.04 and a two-hundred day moving average price of $33.60. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.33 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 11.31% and a return on equity of 17.79%. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Harley-Davidson will post 3.62 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 annualized dividend and a dividend yield of 2.58%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Hedge Funds Weigh In On Harley-Davidson

A number of institutional investors have recently modified their holdings of HOG. Mork Capital Management LLC purchased a new stake in Harley-Davidson in the 3rd quarter worth approximately $1,926,000. Barclays PLC increased its stake in Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after purchasing an additional 162,899 shares during the last quarter. Quantinno Capital Management LP increased its stake in Harley-Davidson by 151.3% in the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock valued at $1,945,000 after purchasing an additional 30,388 shares during the last quarter. Quantbot Technologies LP lifted its position in Harley-Davidson by 190.4% during the third quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after buying an additional 112,948 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Harley-Davidson in the 3rd quarter worth about $2,725,000. 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.