Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) PT at $42.57

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $42.57.

Several research analysts have weighed in on the company. Citigroup cut their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America decreased their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Baird R W downgraded 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 lowered shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd.

Insider Transactions 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 completion of the sale, the director now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors and hedge funds have recently modified their holdings of HOG. Mork Capital Management LLC acquired a new position in Harley-Davidson during the 3rd quarter worth approximately $1,926,000. Quantbot Technologies LP lifted its position in shares of Harley-Davidson by 190.4% during the third quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after purchasing an additional 112,948 shares in the last quarter. LSV Asset Management boosted 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 valued at $191,372,000 after purchasing an additional 842,407 shares during the period. GAMMA Investing LLC grew its holdings in Harley-Davidson by 19.0% during 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 in the last quarter. Finally, Cetera Investment Advisers increased its stake in Harley-Davidson by 70.6% during the 1st quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock worth $3,185,000 after buying an additional 30,143 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

NYSE:HOG opened at $33.56 on Friday. Harley-Davidson has a 1-year low of $31.20 and a 1-year high of $44.16. The firm has a 50 day simple moving average of $33.68 and a 200-day simple moving average of $34.95. The firm has a market cap of $4.27 billion, a PE ratio of 7.56, a P/E/G ratio of 0.44 and a beta of 1.47. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, December 10th. Harley-Davidson’s dividend payout ratio is currently 15.54%.

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.