Harley-Davidson (NYSE:HOG) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of Harley-Davidson (NYSE:HOG) from a hold rating to a sell rating in a research report report published on Friday.

Several other research analysts have also recently weighed in on HOG. UBS Group cut their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Bank of America cut their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Citigroup cut their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $42.57.

Harley-Davidson Trading Up 0.5 %

NYSE:HOG opened at $33.09 on Friday. Harley-Davidson has a one year low of $26.40 and a one year high of $44.16. The company has a market cap of $4.21 billion, a PE ratio of 7.45, a PEG ratio of 0.42 and a beta of 1.46. The firm has a 50-day moving average of $35.48 and a 200-day moving average of $35.24. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s payout ratio is 15.54%.

Harley-Davidson announced that its Board of Directors has approved a share buyback plan on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 19.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Harley-Davidson

A number of institutional investors have recently modified their holdings of the business. Texas Permanent School Fund Corp increased its holdings in Harley-Davidson by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 110,800 shares of the company’s stock worth $4,846,000 after acquiring an additional 1,445 shares during the period. Empowered Funds LLC bought a new stake in Harley-Davidson during the 1st quarter worth approximately $296,000. Illinois Municipal Retirement Fund increased its holdings in Harley-Davidson by 42.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 80,010 shares of the company’s stock worth $3,500,000 after acquiring an additional 23,958 shares during the period. Avantax Advisory Services Inc. bought a new stake in Harley-Davidson during the 1st quarter worth approximately $200,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in Harley-Davidson by 3.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 164,274 shares of the company’s stock worth $7,185,000 after acquiring an additional 5,622 shares during the period. 85.10% of the stock is currently owned by hedge funds and other 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.