Harley-Davidson (NYSE:HOG) Price Target Lowered to $29.00 at Citigroup

Harley-Davidson (NYSE:HOG) had its price objective decreased by Citigroup from $31.00 to $29.00 in a report issued on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on HOG. Morgan Stanley reduced their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday. DA Davidson cut their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday. Bank of America decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, UBS Group decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Harley-Davidson has a consensus rating of “Hold” and an average price target of $34.57.

Harley-Davidson Stock Performance

NYSE HOG opened at $26.72 on Thursday. Harley-Davidson has a 12-month low of $25.25 and a 12-month high of $44.16. The firm has a 50-day moving average price of $30.04 and a two-hundred day moving average price of $33.60. The company has a market capitalization of $3.40 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.33 and a beta of 1.46. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 17.79% and a net margin of 11.31%. During the same period in the prior year, the business posted $0.18 EPS. Analysts anticipate that Harley-Davidson will post 3.62 earnings per share for the current year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson’s payout ratio is 15.54%.

Institutional Trading of Harley-Davidson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of Harley-Davidson by 4.7% during the second quarter. Creative Planning now owns 25,285 shares of the company’s stock worth $848,000 after purchasing an additional 1,146 shares during the period. Cetera Investment Advisers increased its position in shares of Harley-Davidson by 2.3% during the second quarter. Cetera Investment Advisers now owns 74,521 shares of the company’s stock worth $2,499,000 after acquiring an additional 1,693 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Harley-Davidson by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after acquiring an additional 494 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Harley-Davidson by 2.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 58,257 shares of the company’s stock valued at $2,245,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in shares of Harley-Davidson by 18.6% in the third quarter. Twelve Points Wealth Management LLC now owns 41,472 shares of the company’s stock worth $1,598,000 after purchasing an additional 6,512 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

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.