Harley-Davidson, Inc. (NYSE:HOG) Given Consensus Rating of “Hold” by Analysts

Harley-Davidson, Inc. (NYSE:HOG) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.14.

Several research analysts have issued reports on the stock. Bank of America lowered their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley downgraded shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $40.00 to $33.00 in a report on Tuesday, January 21st. 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. 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. Finally, Robert W. Baird reduced their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st.

Harley-Davidson Stock Down 1.4 %

Harley-Davidson stock opened at $28.34 on Friday. The company has a market capitalization of $3.61 billion, a P/E ratio of 6.38, a PEG ratio of 0.34 and a beta of 1.48. 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 has a fifty-two week low of $27.37 and a fifty-two week high of $44.16. The stock has a 50-day simple moving average of $31.15 and a 200-day simple moving average of $34.07.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is 15.54%.

Insider Buying and Selling at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s 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 completion of the sale, the director now directly owns 17,687 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson in the third quarter valued at about $35,000. Ashton Thomas Securities LLC acquired a new stake in Harley-Davidson in the third quarter valued at approximately $38,000. Brooklyn Investment Group purchased a new stake in shares of Harley-Davidson during the third quarter valued at approximately $79,000. GAMMA Investing LLC lifted its position in shares of Harley-Davidson by 24.6% during the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after purchasing an additional 494 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after buying an additional 448 shares in the last quarter. 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.