Harley-Davidson (NYSE:HOG) Price Target Cut to $29.00 by Analysts at Citigroup

Harley-Davidson (NYSE:HOG - Get Free Report) had its price objective decreased by analysts at Citigroup from $31.00 to $29.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price suggests a potential upside of 12.40% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird cut their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, December 31st. StockNews.com upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Bank of America reduced their target price on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. UBS Group dropped their price target on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $34.57.

Harley-Davidson Stock Down 3.8 %

Shares of Harley-Davidson stock traded down $1.02 on Thursday, hitting $25.80. The company had a trading volume of 3,318,345 shares, compared to its average volume of 2,364,928. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 0.36 and a beta of 1.46. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.40. Harley-Davidson has a 1 year low of $25.25 and a 1 year high of $44.16. The stock has a 50 day moving average of $29.90 and a 200-day moving average of $33.53.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued 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 firm earned $0.18 EPS. As a group, sell-side analysts forecast that Harley-Davidson will post 3.65 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mork Capital Management LLC bought a new stake in Harley-Davidson in the 3rd quarter valued at about $1,926,000. Barclays PLC increased its stake in shares of Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company's stock worth $10,900,000 after purchasing an additional 162,899 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Harley-Davidson by 151.3% in the third 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 period. Quantbot Technologies LP lifted its stake in shares of Harley-Davidson by 190.4% during the 3rd quarter. Quantbot Technologies LP now owns 172,258 shares of the company's stock valued at $6,637,000 after buying an additional 112,948 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in Harley-Davidson in the 3rd quarter worth approximately $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.