Harley-Davidson (NYSE:HOG) Stock Rating Lowered by StockNews.com

Harley-Davidson (NYSE:HOG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other equities analysts have also recently issued reports on HOG. UBS Group reduced their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Bank of America reduced their target price on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Citigroup reduced their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Harley-Davidson currently has an average rating of “Hold” and an average price target of $42.57.

Harley-Davidson Stock Performance

NYSE:HOG opened at $32.47 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson has a twelve month low of $29.67 and a twelve month high of $44.16. The stock has a market cap of $4.13 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46. The firm’s fifty day simple moving average is $34.92 and its 200 day simple moving average is $35.12.

Harley-Davidson declared that its Board of Directors has initiated a share buyback program on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 19.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Harley-Davidson

In related 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 completion of the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. The trade was a 19.48 % 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

Several hedge funds have recently modified their holdings of HOG. Vanguard Group Inc. boosted its position in shares of Harley-Davidson by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after buying an additional 452,536 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Harley-Davidson by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock valued at $209,576,000 after acquiring an additional 708,260 shares during the last quarter. LSV Asset Management grew its stake in shares of Harley-Davidson by 17.3% in the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after acquiring an additional 842,407 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Harley-Davidson by 22,680.0% during the third 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. Finally, American Century Companies Inc. lifted its position in Harley-Davidson by 42.8% during the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock valued at $75,932,000 after purchasing an additional 678,092 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

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.