Harley-Davidson (NYSE:HOG) PT Set at $49.00 by Citigroup

Harley-Davidson (NYSE:HOGGet Rating) has been given a $49.00 price target by research analysts at Citigroup in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. Citigroup’s price objective would suggest a potential upside of 3.66% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley increased their price target on Harley-Davidson from $40.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, November 7th. Jefferies Financial Group assumed coverage on Harley-Davidson in a report on Tuesday, November 15th. They issued an “underperform” rating and a $39.00 price objective on the stock. DA Davidson increased their price objective on Harley-Davidson from $36.00 to $42.00 in a report on Thursday, October 27th. StockNews.com downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, Robert W. Baird increased their price objective on Harley-Davidson from $45.00 to $48.00 in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $47.88.

Harley-Davidson Price Performance

HOG stock opened at $47.27 on Wednesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.36 and a quick ratio of 1.18. The firm has a market capitalization of $6.91 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.09 and a beta of 1.35. The business’s 50-day moving average is $40.76 and its two-hundred day moving average is $37.56. Harley-Davidson has a 1 year low of $29.80 and a 1 year high of $48.72.

Harley-Davidson (NYSE:HOGGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.33. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. Harley-Davidson had a return on equity of 27.44% and a net margin of 13.29%. Harley-Davidson’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 EPS. Analysts anticipate that Harley-Davidson will post 4.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President and CEO ZEITZ JOCHEN acquired 25,750 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was bought at an average cost of $38.94 per share, with a total value of $1,002,705.00. Following the transaction, the insider now owns 508,870 shares of the company’s stock, valued at $19,815,397.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Institutional Trading of Harley-Davidson

A number of hedge funds have recently added to or reduced their stakes in the stock. Versor Investments LP acquired a new stake in shares of Harley-Davidson in the 1st quarter valued at approximately $359,000. Victory Capital Management Inc. lifted its holdings in shares of Harley-Davidson by 59.0% in the 1st quarter. Victory Capital Management Inc. now owns 37,453 shares of the company’s stock valued at $1,365,000 after buying an additional 13,891 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Harley-Davidson by 102.1% in the 1st quarter. Clearstead Advisors LLC now owns 2,021 shares of the company’s stock valued at $80,000 after buying an additional 1,021 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Harley-Davidson by 9.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 34,313 shares of the company’s stock valued at $5,692,000 after buying an additional 2,876 shares during the period. Finally, Weil Company Inc. acquired a new stake in shares of Harley-Davidson in the 1st quarter valued at approximately $285,000. 87.12% of the stock is owned by institutional investors and hedge funds.

About Harley-Davidson

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Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

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