Harley-Davidson (NYSE:HOG) Trading Down 3.8% Following Analyst Downgrade

Shares of Harley-Davidson, Inc. (NYSE:HOG) were down 3.8% during trading on Monday after Citigroup lowered their price target on the stock from $40.00 to $37.00. Citigroup currently has a neutral rating on the stock. Harley-Davidson traded as low as $32.20 and last traded at $32.27. Approximately 422,688 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,664,723 shares. The stock had previously closed at $33.53.

A number of other analysts have also commented on the company. 3M reaffirmed a “maintains” rating on shares of Harley-Davidson in a research note on Monday, June 12th. UBS Group lowered their price objective on Harley-Davidson from $49.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. Robert W. Baird raised their price objective on Harley-Davidson from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. DA Davidson raised Harley-Davidson from a “neutral” rating to a “buy” rating and raised their price objective for the company from $38.00 to $47.00 in a research report on Friday, July 21st. Finally, StockNews.com started coverage on Harley-Davidson in a research report on Thursday, August 17th. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.43.

Insider Transactions at Harley-Davidson

In related news, Director Rafeh Masood purchased 1,302 shares of the stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average price of $38.40 per share, with a total value of $49,996.80. Following the transaction, the director now directly owns 2,637 shares in the company, valued at $101,260.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Harley-Davidson

Several large investors have recently bought and sold shares of HOG. Natixis Advisors L.P. increased its holdings in Harley-Davidson by 34.1% in the 1st quarter. Natixis Advisors L.P. now owns 36,335 shares of the company’s stock worth $1,432,000 after buying an additional 9,243 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Harley-Davidson by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,394 shares of the company’s stock worth $2,222,000 after buying an additional 5,377 shares in the last quarter. BlackRock Inc. increased its holdings in Harley-Davidson by 1.5% in the 1st quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock worth $501,454,000 after buying an additional 194,089 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Harley-Davidson by 8.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 86,260 shares of the company’s stock worth $3,496,000 after buying an additional 6,447 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in Harley-Davidson by 1.8% in the 1st quarter. Yousif Capital Management LLC now owns 85,664 shares of the company’s stock worth $3,375,000 after buying an additional 1,495 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Harley-Davidson Price Performance

The firm has a fifty day moving average of $35.27 and a 200 day moving average of $36.15. The company has a market capitalization of $4.61 billion, a P/E ratio of 6.12, a P/E/G ratio of 1.45 and a beta of 1.40. The company has a current ratio of 2.03, a quick ratio of 1.69 and a debt-to-equity ratio of 1.81.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.18). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Harley-Davidson had a return on equity of 26.10% and a net margin of 13.03%. Harley-Davidson’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. On average, equities research analysts anticipate that Harley-Davidson, Inc. will post 4.58 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Tuesday, September 12th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, September 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.03%. Harley-Davidson’s dividend payout ratio is currently 12.41%.

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, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.