Citigroup Has Lowered Expectations for Harley-Davidson (NYSE:HOG) Stock Price

Harley-Davidson (NYSE:HOG) had its price objective cut by analysts at Citigroup from $34.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 9.92% from the company’s current price.

Several other research analysts have also issued reports on HOG. Morgan Stanley lowered shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $40.00 to $33.00 in a research note on Tuesday. Robert W. Baird reduced their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Bank of America dropped their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $39.14.

Harley-Davidson Price Performance

Shares of HOG opened at $28.20 on Thursday. The firm has a market cap of $3.59 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.33 and a beta of 1.48. Harley-Davidson has a 52-week low of $27.37 and a 52-week high of $44.16. The business’s 50 day moving average price is $31.32 and its two-hundred day moving average price is $34.12. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now directly owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mork Capital Management LLC purchased a new stake in shares of Harley-Davidson during the third quarter valued at approximately $1,926,000. Barclays PLC increased its position in shares of Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after purchasing an additional 162,899 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Harley-Davidson by 151.3% during the 3rd quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock valued at $1,945,000 after purchasing an additional 30,388 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Harley-Davidson by 190.4% in the 3rd quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after buying an additional 112,948 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in Harley-Davidson during the third quarter valued at about $2,725,000. 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.