Harley-Davidson (NYSE:HOG) Price Target Lowered to $31.00 at DA Davidson

Harley-Davidson (NYSE:HOG) had its price objective decreased by DA Davidson from $39.00 to $31.00 in a research report sent to investors on Tuesday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Robert W. Baird lowered their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Morgan Stanley downgraded Harley-Davidson from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $40.00 to $33.00 in a report on Tuesday, January 21st. UBS Group reduced their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Citigroup dropped their price target on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America reduced their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus price target of $35.14.

Harley-Davidson Stock Up 1.5 %

Shares of NYSE HOG opened at $26.86 on Tuesday. The stock has a fifty day moving average price of $30.33 and a 200 day moving average price of $33.69. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 12-month low of $25.60 and a 12-month high of $44.16. The company has a market cap of $3.42 billion, a P/E ratio of 6.05, a P/E/G ratio of 0.33 and a beta of 1.46.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were issued a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a yield of 2.57%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Hedge Funds Weigh In On Harley-Davidson

Several institutional investors have recently made changes to their positions in HOG. Venturi Wealth Management LLC increased its position in Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after buying an additional 554 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Harley-Davidson during the third quarter worth about $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Harley-Davidson in the 4th quarter valued at about $42,000. Finally, Global Retirement Partners LLC boosted its stake in Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after purchasing an additional 846 shares during the period. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Company Profile

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.