Robert W. Baird Lowers Harley-Davidson (NYSE:HOG) Price Target to $26.00

Harley-Davidson (NYSE:HOG) had its price objective lowered by Robert W. Baird from $32.00 to $26.00 in a research note released on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently issued reports on HOG. Bank of America reduced their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Citigroup decreased their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday. DA Davidson dropped their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group dropped their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Harley-Davidson Trading Down 0.3 %

HOG stock opened at $22.94 on Friday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The company has a fifty day moving average price of $25.86 and a two-hundred day moving average price of $30.47. Harley-Davidson has a one year low of $21.15 and a one year high of $43.63. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the business posted $0.18 earnings per share. Equities analysts anticipate that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.14%. Harley-Davidson’s dividend payout ratio is presently 21.62%.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC lifted its stake in shares of Harley-Davidson by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock valued at $325,000 after acquiring an additional 379 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares in the last quarter. Covestor Ltd raised its position in Harley-Davidson by 18.8% in the fourth quarter. Covestor Ltd now owns 4,163 shares of the company’s stock valued at $125,000 after purchasing an additional 658 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Harley-Davidson by 1.7% during the third quarter. Toronto Dominion Bank now owns 49,995 shares of the company’s stock valued at $1,926,000 after purchasing an additional 815 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Harley-Davidson by 7.8% during the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company’s stock worth $346,000 after purchasing an additional 831 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

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.