Robert W. Baird Lowers Harley-Davidson (NYSE:HOG) Price Target to $36.00

Harley-Davidson (NYSE:HOG) had its target price cut by Robert W. Baird from $40.00 to $36.00 in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 21.25% from the company’s previous close.

Several other equities research analysts have also recently weighed in on HOG. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group lowered their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Citigroup dropped their price objective 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. Finally, Bank of America decreased their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.00.

Harley-Davidson Stock Down 1.9 %

Shares of Harley-Davidson stock opened at $29.69 on Tuesday. 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 $29.46 and a 12-month high of $44.16. The company has a market cap of $3.78 billion, a P/E ratio of 6.69, a PEG ratio of 0.45 and a beta of 1.47. The company’s fifty day simple moving average is $32.59 and its two-hundred day simple moving average is $34.62.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 4,278 shares of the firm’s 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 of the company’s stock, valued at approximately $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 can be accessed through this link. Insiders own 0.87% of the company’s stock.

Institutional Trading of Harley-Davidson

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Harley-Davidson by 3.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,040 shares of the company’s stock worth $907,000 after purchasing an additional 878 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Harley-Davidson during the second quarter valued at $812,000. Signaturefd LLC grew its stake in Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Harley-Davidson by 10.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 38,443 shares of the company’s stock valued at $1,289,000 after acquiring an additional 3,505 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Harley-Davidson in the 2nd quarter worth $438,000. 85.10% of the stock is currently 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.