Harley-Davidson (NYSE:HOG) Sets New 1-Year Low – Here’s Why

Shares of Harley-Davidson, Inc. (NYSE:HOG) hit a new 52-week low on Tuesday . The stock traded as low as $27.37 and last traded at $28.25, with a volume of 1220614 shares traded. The stock had previously closed at $27.80.

Wall Street Analysts Forecast Growth

HOG has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 31st. UBS Group lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup lowered their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Baird R W downgraded Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.00.

Harley-Davidson Trading Up 1.6 %

The company has a market cap of $3.60 billion, a P/E ratio of 6.36, a PEG ratio of 0.44 and a beta of 1.48. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The firm’s 50 day moving average is $31.83 and its two-hundred day moving average is $34.30.

Harley-Davidson Announces Dividend

The business also recently disclosed 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 of this dividend was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.44%. Harley-Davidson’s dividend payout ratio (DPR) is 15.54%.

Insider Activity at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now 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 this link. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Harley-Davidson

Hedge funds have recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in Harley-Davidson during the third quarter valued at $35,000. Ashton Thomas Securities LLC bought a new stake in shares of Harley-Davidson during the 3rd quarter valued at about $38,000. Brooklyn Investment Group bought a new stake in shares of Harley-Davidson during the 3rd quarter valued at about $79,000. GAMMA Investing LLC increased its holdings in Harley-Davidson by 24.6% in 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 in the last quarter. Finally, Covestor Ltd lifted its stake in Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after buying an additional 448 shares during the period. 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.