Harley-Davidson (NYSE:HOG) had its price target lowered by Stifel Nicolaus from $49.00 to $45.00 in a research note published on Friday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.
A number of other brokerages have also recently issued reports on HOG. Zacks Investment Research upgraded shares of Harley-Davidson from a hold rating to a buy rating and set a $57.00 target price for the company in a research report on Tuesday, January 2nd. ValuEngine cut shares of Harley-Davidson from a buy rating to a hold rating in a research report on Friday, February 2nd. Longbow Research cut shares of Harley-Davidson from a neutral rating to an underperform rating in a research report on Wednesday, January 3rd. Citigroup dropped their target price on shares of Harley-Davidson from $57.00 to $55.00 and set a buy rating for the company in a research report on Tuesday, February 6th. Finally, Sanford C. Bernstein dropped their target price on shares of Harley-Davidson from $52.00 to $45.00 and set a market perform rating for the company in a research report on Monday, March 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $50.94.
Shares of HOG stock opened at $42.20 on Friday. Harley-Davidson has a 52-week low of $41.33 and a 52-week high of $60.18. The firm has a market capitalization of $7,107.06, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.40 and a beta of 0.88. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49.
Harley-Davidson announced that its Board of Directors has approved a share repurchase program on Monday, February 5th that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Paul J. Jones sold 870 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the sale, the vice president now directly owns 3,399 shares in the company, valued at approximately $161,860.38. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new position in shares of Harley-Davidson in the 3rd quarter valued at about $166,000. IFG Advisory LLC bought a new position in shares of Harley-Davidson in the 4th quarter valued at about $239,000. Dynamic Capital Management Ltd bought a new position in shares of Harley-Davidson in the 4th quarter valued at about $255,000. Sciencast Management LP bought a new position in shares of Harley-Davidson in the 4th quarter valued at about $266,000. Finally, IFM Investors Pty Ltd bought a new position in shares of Harley-Davidson in the 3rd quarter valued at about $280,000. 95.87% of the stock is currently owned by hedge funds and other institutional investors.
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Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.
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