Harley-Davidson (NYSE:HOG) Shares Gap Down to $35.33

Harley-Davidson, Inc. (NYSE:HOG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $35.33, but opened at $34.00. Harley-Davidson shares last traded at $34.33, with a volume of 272,185 shares traded.

Analyst Ratings Changes

HOG has been the subject of several recent analyst reports. Citigroup lowered their price target on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, June 12th. Morgan Stanley assumed coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 price target for the company. DA Davidson lifted their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11th. BMO Capital Markets dropped their price objective on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson presently has a consensus rating of “Moderate Buy” and an average price target of $44.57.

Harley-Davidson Stock Down 2.7 %

The firm has a 50-day simple moving average of $34.25 and a 200 day simple moving average of $36.36. The company has a market capitalization of $4.62 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.32.

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

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Wednesday, June 5th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.01%. Harley-Davidson’s payout ratio is currently 15.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HOG. Quadrant Capital Group LLC lifted its holdings in Harley-Davidson by 95.0% in the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock worth $29,000 after buying an additional 384 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Harley-Davidson during the first quarter worth about $39,000. BKM Wealth Management LLC acquired a new position in shares of Harley-Davidson in the fourth quarter worth about $36,000. Principal Securities Inc. acquired a new position in shares of Harley-Davidson in the fourth quarter worth about $38,000. Finally, Lindbrook Capital LLC grew its stake in Harley-Davidson by 66.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock valued at $39,000 after purchasing an additional 423 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

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.