Robert W. Baird Has Lowered Expectations for Harley-Davidson (NYSE:HOG) Stock Price

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

HOG has been the topic of several other research reports. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup reduced their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Bank of America decreased 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. UBS Group dropped their price objective 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, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.00.

Harley-Davidson Stock Up 1.5 %

HOG opened at $30.13 on Tuesday. Harley-Davidson has a one year low of $29.46 and a one year 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 stock has a market capitalization of $3.84 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.47. The business’s 50-day simple moving average is $32.31 and its 200-day simple moving average is $34.55.

Insider Buying and Selling

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction 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. The trade was a 19.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Harley-Davidson

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Prospera Private Wealth LLC acquired a new position in Harley-Davidson during the third quarter worth about $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter worth approximately $38,000. Signaturefd LLC grew its holdings in shares of Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after acquiring an additional 597 shares during the period. Brooklyn Investment Group purchased a new position in Harley-Davidson in the 3rd quarter valued at approximately $79,000. Finally, GAMMA Investing LLC raised its holdings in Harley-Davidson by 24.6% during the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds 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.