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

Harley-Davidson (NYSE:HOG) had its price target lowered by equities researchers at Robert W. Baird from $40.00 to $36.00 in a report issued on Tuesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 19.48% from the company’s previous close.

Several other research firms also recently weighed in on HOG. Citigroup dropped their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. 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. UBS Group decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Bank of America cut their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.00.

Harley-Davidson Stock Up 1.5 %

HOG stock opened at $30.13 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The company’s 50 day simple moving average is $32.31 and its 200-day simple moving average is $34.55. Harley-Davidson has a 12 month low of $29.46 and a 12 month high of $44.16. The firm has a market capitalization of $3.84 billion, a PE ratio of 6.79, a P/E/G ratio of 0.44 and a beta of 1.47.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the 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 completion of the sale, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Harley-Davidson by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock valued at $209,576,000 after acquiring an additional 708,260 shares during the period. LSV Asset Management raised its position in 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. Pacer Advisors Inc. lifted its stake in shares of Harley-Davidson by 22,680.0% during the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock worth $161,166,000 after purchasing an additional 4,164,502 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock worth $75,932,000 after buying an additional 678,092 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Harley-Davidson by 5.0% in the third quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock valued at $24,929,000 after buying an additional 30,725 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

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.