Harley-Davidson (NYSE:HOG) Reaches New 1-Year Low – What’s Next?

Harley-Davidson, Inc. (NYSE:HOGGet Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $27.26 and last traded at $27.40, with a volume of 1000598 shares. The stock had previously closed at $28.42.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley cut shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $40.00 to $33.00 in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.71.

Get Our Latest Research Report on HOG

Harley-Davidson Trading Up 0.2 %

The firm’s 50 day moving average price is $30.75 and its 200-day moving average price is $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 stock has a market cap of $3.51 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.34 and a beta of 1.48.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s payout ratio is currently 15.54%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its position in shares of Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after acquiring an additional 1,285,225 shares in the last quarter. Raymond James & Associates raised its stake in Harley-Davidson by 5.0% during the 3rd quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock valued at $24,929,000 after purchasing an additional 30,725 shares during the period. JPMorgan Chase & Co. lifted its holdings in Harley-Davidson by 38.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock worth $20,555,000 after purchasing an additional 148,537 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Harley-Davidson by 559.4% in the 3rd 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 period. Finally, Algert Global LLC grew its holdings in 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 buying an additional 137,644 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

About Harley-Davidson

(Get Free Report)

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.

Further Reading

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