Robert W. Baird Lowers Harley-Davidson (NYSE:HOG) Price Target to $26.00

Harley-Davidson (NYSE:HOG) had its price target dropped by analysts at Robert W. Baird from $32.00 to $26.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 13.36% from the company’s previous close.

Several other analysts have also recently weighed in on the company. Citigroup dropped their price target on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group decreased their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley cut their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Bank of America cut their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson lowered their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.00.

Harley-Davidson Trading Down 0.3 %

HOG stock opened at $22.94 on Friday. Harley-Davidson has a one year low of $21.15 and a one year high of $43.63. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The company has a fifty day moving average price of $25.86 and a two-hundred day moving average price of $30.41. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates 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 business posted $0.18 earnings per share. Equities analysts anticipate that Harley-Davidson will post 3.44 EPS for the current year.

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 on 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Harley-Davidson

Hedge funds and other institutional investors have recently bought and sold shares of the company. Townsquare Capital LLC acquired a new stake in shares of Harley-Davidson during the third quarter valued at about $214,000. Centiva Capital LP raised its holdings in Harley-Davidson by 103.8% in the 3rd quarter. Centiva Capital LP now owns 24,989 shares of the company’s stock valued at $963,000 after buying an additional 12,725 shares during the last quarter. Readystate Asset Management LP acquired a new stake in Harley-Davidson during the 3rd quarter worth approximately $556,000. Quantinno Capital Management LP grew its holdings in Harley-Davidson by 151.3% during the 3rd quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock worth $1,945,000 after acquiring an additional 30,388 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Harley-Davidson by 9.3% in the 3rd quarter. Stifel Financial Corp now owns 21,993 shares of the company’s stock valued at $847,000 after acquiring an additional 1,875 shares during the period. 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.