Harley-Davidson (NYSE:HOG) Price Target Cut to $35.00 by Analysts at Bank of America

Harley-Davidson (NYSE:HOG) had its target price decreased by Bank of America from $40.00 to $35.00 in a research report released on Thursday,Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other research analysts have also issued reports on HOG. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird cut their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley lowered Harley-Davidson from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $40.00 to $33.00 in a report on Tuesday, January 21st. Finally, UBS Group lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.71.

Harley-Davidson Trading Down 2.0 %

Shares of NYSE HOG opened at $27.05 on Thursday. The stock has a fifty day simple moving average of $30.62 and a 200-day simple moving average of $33.83. 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 twelve month low of $27.01 and a twelve month high of $44.16. The stock has a market capitalization of $3.44 billion, a PE ratio of 6.09, a PEG ratio of 0.33 and a beta of 1.48.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is 15.54%.

Institutional Investors Weigh In On Harley-Davidson

Large investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Harley-Davidson by 22,680.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock valued at $161,166,000 after purchasing an additional 4,164,502 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after buying an additional 334,830 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Harley-Davidson by 1,179.1% during the second quarter. AQR Capital Management LLC now owns 270,102 shares of the company’s stock worth $9,048,000 after buying an additional 248,986 shares during the period. Barclays PLC boosted its stake in shares of Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after buying an additional 162,899 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Harley-Davidson by 38.6% during the third quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock worth $20,555,000 after buying an additional 148,537 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

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.