Harley-Davidson (NYSE:HOG) Price Target Lowered to $36.00 at Robert W. Baird

Harley-Davidson (NYSE:HOG) had its price target lowered by Robert W. Baird from $40.00 to $36.00 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock.

HOG has been the topic of several other reports. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Citigroup decreased their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Bank of America decreased their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.00.

Harley-Davidson Stock Up 1.5 %

Shares of HOG opened at $30.13 on Tuesday. Harley-Davidson has a one year low of $29.46 and a one year high of $44.16. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.45 and a beta of 1.47. The stock has a 50 day moving average price of $32.48 and a 200 day moving average price of $34.60. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s payout ratio is 15.54%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC grew its holdings in shares of Harley-Davidson by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock worth $325,000 after acquiring an additional 379 shares during the period. Covestor Ltd increased its position in shares of Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after buying an additional 448 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Harley-Davidson by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after buying an additional 494 shares during the last quarter. Signaturefd LLC boosted its position in shares of Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after buying an additional 597 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock valued at $141,000 after acquiring an additional 697 shares during 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.