Harley-Davidson (NYSE:HOG) Price Target Cut to $34.00

Harley-Davidson (NYSE:HOG - Get Free Report) had its target price lowered by Citigroup from $39.00 to $34.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target would indicate a potential upside of 6.82% from the stock's current price.

A number of other equities research analysts have also recently commented on the company. Bank of America lowered their target price on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. UBS Group upped their price target on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Robert W. Baird downgraded Harley-Davidson from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Baird R W cut Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.29.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock traded up $0.16 during trading on Friday, reaching $31.83. The company's stock had a trading volume of 2,822,297 shares, compared to its average volume of 1,744,025. The business has a 50 day moving average price of $36.63 and a 200-day moving average price of $35.86. Harley-Davidson has a 12-month low of $25.43 and a 12-month high of $44.16. The company has a market capitalization of $4.28 billion, a P/E ratio of 7.08, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.82 by $0.09. The firm had revenue of $881.21 million during the quarter, compared to analysts' expectations of $970.25 million. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. As a group, sell-side analysts anticipate that Harley-Davidson will post 4.19 EPS for the current year.

Harley-Davidson announced that its Board of Directors has authorized a share buyback program on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 19.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new position in Harley-Davidson in the first quarter worth about $39,000. Signaturefd LLC increased its position in Harley-Davidson by 46.8% in the second quarter. Signaturefd LLC now owns 1,872 shares of the company's stock worth $63,000 after buying an additional 597 shares during the period. Fifth Third Bancorp lifted its stake in Harley-Davidson by 19.5% in the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $66,000 after buying an additional 322 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock valued at $67,000 after acquiring an additional 320 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Harley-Davidson by 191.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company's stock worth $133,000 after acquiring an additional 2,626 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

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.