Harley-Davidson (NYSE:HOG) Given New $26.00 Price Target at Robert W. Baird

Harley-Davidson (NYSE:HOG) had its target price reduced by Robert W. Baird from $32.00 to $26.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also weighed in on HOG. Morgan Stanley cut 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. DA Davidson dropped their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Citigroup decreased their target price on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group dropped their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, Bank of America decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Harley-Davidson Stock Down 0.3 %

NYSE:HOG opened at $22.94 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson has a 12-month low of $21.15 and a 12-month high of $43.63. The stock’s fifty day simple moving average is $25.86 and its 200-day simple moving average is $30.47. The firm has a market capitalization of $2.86 billion, a P/E ratio of 6.89, a P/E/G ratio of 0.38 and a beta of 1.49.

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

Harley-Davidson Increases Dividend

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

Insider Transactions at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Townsquare Capital LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $214,000. Centiva Capital LP raised its position in Harley-Davidson by 103.8% during the third quarter. Centiva Capital LP now owns 24,989 shares of the company’s stock worth $963,000 after acquiring an additional 12,725 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Harley-Davidson in the third quarter valued at $556,000. Quantinno Capital Management LP grew its position in shares of Harley-Davidson by 151.3% in the 3rd quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock valued at $1,945,000 after acquiring an additional 30,388 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Harley-Davidson by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 21,993 shares of the company’s stock worth $847,000 after purchasing an additional 1,875 shares during the last quarter. 85.10% of the stock is currently owned by 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.