Harley-Davidson (NYSE:HOG) Raised to Hold at StockNews.com

Harley-Davidson (NYSE:HOG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

HOG has been the subject of several other reports. 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. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Baird R W downgraded Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. 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, Citigroup reduced their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.57.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $33.74 on Wednesday. Harley-Davidson has a 52 week low of $29.67 and a 52 week high of $44.16. The stock has a fifty day moving average price of $34.52 and a 200 day moving average price of $35.07. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $4.30 billion, a P/E ratio of 7.60, a PEG ratio of 0.46 and a beta of 1.46.

Insider Buying and Selling

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Prospera Private Wealth LLC acquired a new position in Harley-Davidson in the third quarter worth about $35,000. Ashton Thomas Securities LLC bought a new position in Harley-Davidson during the 3rd quarter worth approximately $38,000. Signaturefd LLC grew 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 acquiring an additional 597 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after acquiring an additional 322 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after acquiring an additional 320 shares during the last quarter. 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.