Harley-Davidson (NYSE:HOG - Get Free Report) had its price objective dropped by investment analysts at Citigroup from $29.00 to $28.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's price target points to a potential upside of 23.00% from the company's current price.
Several other research firms have also issued reports on HOG. DA Davidson lowered their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. UBS Group lowered their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Bank of America cut their price target on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Robert W. Baird dropped their price objective on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, December 31st. Finally, Morgan Stanley cut their target price on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $32.00.
Read Our Latest Report on HOG
Harley-Davidson Stock Performance
HOG traded down $0.22 during trading on Wednesday, hitting $22.77. 3,872,362 shares of the company traded hands, compared to its average volume of 1,890,074. The firm has a market cap of $2.84 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson has a one year low of $21.15 and a one year high of $43.63. The stock's fifty day moving average is $25.86 and its 200 day moving average is $30.35.
Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the business earned $0.18 EPS. As a group, equities analysts predict that Harley-Davidson will post 3.44 EPS for the current fiscal year.
Insider Buying and Selling at Harley-Davidson
In other Harley-Davidson 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 transaction of $88,264.00. Following the completion of the sale, the insider now owns 23,555 shares of the company's stock, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Harley-Davidson
Institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after buying an additional 554 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Harley-Davidson by 3,514.8% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after purchasing an additional 949 shares during the last quarter. Bessemer Group Inc. raised its position in Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after purchasing an additional 916 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Harley-Davidson during the fourth quarter valued at about $42,000. Finally, Global Retirement Partners LLC grew its stake in shares of Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after buying an additional 846 shares during the last quarter. 85.10% of the stock is currently owned by 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.
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