Harley-Davidson, Inc. (NYSE:HOG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.57.

Several research analysts have issued reports on HOG shares. Bank of America dropped their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Citigroup reduced their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group reduced their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th.

Insider Buying and Selling

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the company’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 transaction, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.

Institutional Investors Weigh In On Harley-Davidson

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Harley-Davidson by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock worth $209,576,000 after acquiring an additional 708,260 shares during the last quarter. LSV Asset Management raised its stake in shares of Harley-Davidson by 17.3% in the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after purchasing an additional 842,407 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Harley-Davidson by 22,680.0% during the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock worth $161,166,000 after purchasing an additional 4,164,502 shares during the period. American Century Companies Inc. boosted its position in Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock valued at $75,932,000 after buying an additional 678,092 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Harley-Davidson by 5.0% in the 3rd quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock worth $24,929,000 after buying an additional 30,725 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Price Performance

HOG opened at $33.03 on Friday. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 0.45 and a beta of 1.47. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 12-month low of $31.20 and a 12-month high of $44.16. The business’s fifty day simple moving average is $33.91 and its 200-day simple moving average is $34.98.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be given a $0.1725 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.09%. Harley-Davidson’s payout ratio is 15.54%.

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.