Harley-Davidson (NYSE:HOG) PT Raised to $39.00

Harley-Davidson (NYSE:HOG) had its target price hoisted by Citigroup from $37.00 to $39.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 1.04% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird raised their price objective on shares of Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. UBS Group lifted their price target on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Harley-Davidson Trading Down 2.4 %

HOG opened at $38.60 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $5.19 billion, a PE ratio of 8.58, a PEG ratio of 1.28 and a beta of 1.44. Harley-Davidson has a 1-year low of $25.43 and a 1-year high of $44.16. The firm has a 50-day moving average price of $36.57 and a two-hundred day moving average price of $36.80.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.23. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 EPS. As a group, equities analysts anticipate that Harley-Davidson will post 4.32 earnings per share for the current fiscal year.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in Harley-Davidson by 95.0% during the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Harley-Davidson during the first quarter valued at approximately $39,000. Principal Securities Inc. bought a new position in Harley-Davidson in the fourth quarter valued at approximately $38,000. American National Bank acquired a new position in shares of Harley-Davidson in the first quarter valued at approximately $52,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Harley-Davidson in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

About Harley-Davidson

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.