Harley-Davidson (NYSE:HOG) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Harley-Davidson (NYSE:HOG) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Other analysts also recently issued research reports about the company. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $40.00 in a research note 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. Citigroup cut their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. UBS Group lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Bank of America cut their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.57.

Harley-Davidson Price Performance

Shares of HOG stock opened at $33.55 on Tuesday. The firm’s 50 day moving average price is $34.79 and its two-hundred day moving average price is $35.09. The stock has a market cap of $4.27 billion, a PE ratio of 7.56, a PEG ratio of 0.44 and a beta of 1.46. Harley-Davidson has a 52-week low of $29.67 and a 52-week high of $44.16. 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 declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a dividend of $0.1725 per share. The ex-dividend date was Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a yield of 2.06%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.54%.

Insider Activity at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors have recently modified their holdings of the business. Avantax Advisory Services Inc. bought a new stake in shares of Harley-Davidson in the first quarter valued at $200,000. Vanguard Group Inc. raised its stake in Harley-Davidson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after acquiring an additional 452,536 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Harley-Davidson by 33.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 124,965 shares of the company’s stock valued at $5,468,000 after purchasing an additional 31,205 shares during the last quarter. Toronto Dominion Bank boosted its position in Harley-Davidson by 0.7% during the first quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after purchasing an additional 345 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Harley-Davidson in the first quarter worth about $303,000. 85.10% of the stock is owned by institutional investors.

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.