Harley-Davidson (NYSE:HOG) Given New $35.00 Price Target at Bank of America

Harley-Davidson (NYSE:HOGFree Report) had its price target cut by Bank of America from $40.00 to $35.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Citigroup dropped their price target on Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group decreased their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley cut shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $40.00 to $33.00 in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.71.

Read Our Latest Analysis on HOG

Harley-Davidson Stock Performance

Shares of HOG opened at $27.58 on Thursday. The company has a 50-day simple moving average of $30.75 and a two-hundred day simple moving average of $33.91. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The firm has a market capitalization of $3.51 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.33 and a beta of 1.48. Harley-Davidson has a one year low of $27.18 and a one year high of $44.16.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors 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 yield of 2.50%. Harley-Davidson’s dividend payout ratio (DPR) is 15.54%.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its holdings in shares of Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after buying an additional 1,285,225 shares during the period. Raymond James & Associates increased its position in Harley-Davidson by 5.0% during the third quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock valued at $24,929,000 after acquiring an additional 30,725 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Harley-Davidson by 38.6% in the third quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock valued at $20,555,000 after acquiring an additional 148,537 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after purchasing an additional 334,830 shares during the last quarter. Finally, Algert Global LLC grew its stake in shares of Harley-Davidson by 72.6% during the 3rd quarter. Algert Global LLC now owns 327,286 shares of the company’s stock valued at $12,610,000 after purchasing an additional 137,644 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

About Harley-Davidson

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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.

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