Harley-Davidson (NYSE:HOG) Stock Price Down 4.5% – What’s Next?

Harley-Davidson, Inc. (NYSE:HOG) shares traded down 4.5% during trading on Wednesday . The company traded as low as $24.92 and last traded at $24.80. 171,825 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,781,549 shares. The stock had previously closed at $25.96.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley dropped their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. UBS Group lowered their price objective 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. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird lowered their price target on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Finally, Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.57.

Harley-Davidson Trading Down 4.9 %

The firm has a market capitalization of $3.07 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The stock’s 50-day moving average price is $27.33 and its 200 day moving average price is $31.91. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is 21.62%.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were 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 of the company’s stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Mork Capital Management LLC purchased a new stake in shares of Harley-Davidson in the third quarter valued at about $1,926,000. Hussman Strategic Advisors Inc. purchased a new stake in Harley-Davidson during the fourth quarter worth about $1,898,000. Bank of New York Mellon Corp boosted its holdings in Harley-Davidson by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after buying an additional 157,939 shares in the last quarter. Barclays PLC boosted its holdings in 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 in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Harley-Davidson by 151.3% during the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock worth $1,945,000 after buying an additional 30,388 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

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.