Harley-Davidson (NYSE:HOG) Sets New 1-Year Low – Here’s What Happened

Harley-Davidson, Inc. (NYSE:HOG) reached a new 52-week low during trading on Monday . The stock traded as low as $26.13 and last traded at $25.68, with a volume of 24579 shares traded. The stock had previously closed at $27.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HOG shares. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Citigroup lowered their target price on Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Robert W. Baird reduced their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. DA Davidson lowered their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Bank of America cut their target price on shares of 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.14.

Harley-Davidson Stock Up 1.5 %

The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $3.42 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 0.33 and a beta of 1.46. The business’s 50-day moving average price is $30.33 and its 200-day moving average price is $33.69.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were given 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 payout ratio is 15.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new position in shares of Harley-Davidson during the 4th quarter valued at about $690,000. Advisor OS LLC bought a new stake in Harley-Davidson in the 4th quarter valued at $361,000. Illinois Municipal Retirement Fund raised its position in Harley-Davidson by 24.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 99,514 shares of the company’s stock worth $2,998,000 after purchasing an additional 19,504 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Harley-Davidson by 12.0% in the 4th 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. Finally, Skylands Capital LLC acquired a new position in Harley-Davidson during the fourth quarter worth $726,000. 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.