Harley-Davidson, Inc. (NYSE:HOG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $42.00.

HOG has been the topic of several recent research reports. UBS Group lowered their price objective 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. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America dropped their price target 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. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird dropped their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently bought and sold shares of HOG. Mork Capital Management LLC acquired a new position in shares of Harley-Davidson during the 3rd quarter worth approximately $1,926,000. Barclays PLC grew its stake in shares of Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after buying an additional 162,899 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Harley-Davidson by 151.3% during the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock worth $1,945,000 after buying an additional 30,388 shares during the last quarter. Quantbot Technologies LP raised its position in 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 acquiring an additional 112,948 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Harley-Davidson in the third quarter valued at $2,725,000. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Up 2.0 %

Shares of HOG opened at $30.01 on Wednesday. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.44 and a beta of 1.48. Harley-Davidson has a 52 week low of $28.97 and a 52 week high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The business’s fifty day moving average price is $32.23 and its two-hundred day moving average price is $34.49.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 annualized dividend and a yield of 2.30%. Harley-Davidson’s dividend payout ratio (DPR) is currently 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.