Robert W. Baird Has Lowered Expectations for Harley-Davidson (NYSE:HOG) Stock Price

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

Several other research firms have also recently issued reports on HOG. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group decreased their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Bank of America cut 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. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Citigroup dropped their target price 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. Five equities 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, Harley-Davidson has a consensus rating of “Hold” and an average price target of $42.00.

Harley-Davidson Stock Up 1.5 %

Shares of NYSE:HOG opened at $30.13 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $3.84 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.45 and a beta of 1.47. Harley-Davidson has a 52-week low of $29.46 and a 52-week high of $44.16. The stock’s fifty day simple moving average is $32.48 and its 200-day simple moving average is $34.60.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 17,687 shares in the company, valued at $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HOG. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Harley-Davidson by 3.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,040 shares of the company’s stock valued at $907,000 after purchasing an additional 878 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Harley-Davidson in the 2nd quarter valued at approximately $812,000. Signaturefd LLC boosted its stake in shares of Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after buying an additional 597 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Harley-Davidson by 10.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 38,443 shares of the company’s stock valued at $1,289,000 after acquiring an additional 3,505 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Harley-Davidson in the 2nd quarter valued at about $438,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.