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

Harley-Davidson (NYSE:HOG - Free Report) had its target price trimmed by Robert W. Baird from $40.00 to $36.00 in a research report report published on Tuesday, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock.

HOG has been the topic of a number of other research reports. Citigroup decreased their price target 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. Bank of America lowered their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. UBS Group reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Baird R W lowered Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $42.00.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock traded up $0.44 during trading on Tuesday, reaching $30.13. 1,101,144 shares of the stock traded hands, compared to its average volume of 1,673,951. Harley-Davidson has a 52-week low of $29.46 and a 52-week high of $44.16. 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 business has a fifty day simple moving average of $32.48 and a two-hundred day simple moving average of $34.60. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 0.45 and a beta of 1.47.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 annualized dividend and a dividend yield of 2.29%. Harley-Davidson's dividend payout ratio (DPR) is 15.54%.

Insider Activity

In other Harley-Davidson 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 transaction of $137,965.50. Following the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. This trade represents a 19.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.87% of the company's stock.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently made changes to their positions in HOG. JPMorgan Chase & Co. lifted its position in shares of Harley-Davidson by 38.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company's stock worth $20,555,000 after purchasing an additional 148,537 shares during the period. Franklin Resources Inc. purchased a new stake in Harley-Davidson during the third quarter worth $2,725,000. Tidal Investments LLC bought a new stake in Harley-Davidson during the 3rd quarter valued at $479,000. Toronto Dominion Bank increased its holdings in shares of Harley-Davidson by 1.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,995 shares of the company's stock valued at $1,926,000 after acquiring an additional 815 shares during the period. Finally, Barclays PLC raised its position in shares of Harley-Davidson by 135.7% in the 3rd quarter. Barclays PLC now owns 282,932 shares of the company's stock worth $10,900,000 after acquiring an additional 162,899 shares in the last quarter. Institutional investors own 85.10% of the company's stock.

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.