Citigroup Issues Pessimistic Forecast for Harley-Davidson (NYSE:HOG) Stock Price

Harley-Davidson (NYSE:HOG) had its price target cut by Citigroup from $29.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 9.42% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on HOG. UBS Group lowered their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Robert W. Baird lowered their target price on shares of 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 reduced their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley lowered their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, DA Davidson cut their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $33.43.

Harley-Davidson Trading Up 2.1 %

NYSE:HOG traded up $0.53 on Wednesday, hitting $25.59. The stock had a trading volume of 380,457 shares, compared to its average volume of 2,384,324. The company has a fifty day moving average price of $26.14 and a two-hundred day moving average price of $30.66. Harley-Davidson has a 1-year low of $23.81 and a 1-year high of $43.89. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.38 and a beta of 1.49.

Harley-Davidson (NYSE:HOG) last released 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 net margin of 9.25% and a return on equity of 13.64%. During the same period last year, the firm earned $0.18 earnings per share. Equities research analysts expect that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Harley-Davidson

Hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after purchasing an additional 554 shares during the last quarter. Bessemer Group Inc. increased its holdings in Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock valued at $39,000 after buying an additional 916 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Harley-Davidson in the fourth quarter valued at $42,000. Global Retirement Partners LLC lifted its holdings in Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after buying an additional 846 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Harley-Davidson by 201.8% during the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company’s stock worth $57,000 after buying an additional 1,263 shares during the last quarter. 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.