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

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

Several other brokerages have also weighed in on HOG. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America cut 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. Citigroup dropped their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price target for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, UBS Group decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $42.57.

Harley-Davidson Stock Down 3.0 %

Shares of Harley-Davidson stock opened at $33.46 on Wednesday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.45 and a beta of 1.46. Harley-Davidson has a twelve month low of $29.67 and a twelve month high of $44.16. 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 business’s 50 day simple moving average is $34.72 and its 200-day simple moving average is $35.08.

Insider Activity

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Trading of Harley-Davidson

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prospera Private Wealth LLC bought a new position in shares of Harley-Davidson in the third quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Harley-Davidson in the 3rd quarter worth $38,000. Signaturefd LLC raised its position in shares of Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after purchasing an additional 597 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after purchasing an additional 322 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position 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 purchasing an additional 320 shares during the period. 85.10% of the stock is currently owned by institutional investors.

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.