Harley-Davidson (NYSE:HOG) Price Target Cut to $28.00 by Analysts at Citigroup

Harley-Davidson (NYSE:HOG) had its price target cut by research analysts at Citigroup from $29.00 to $28.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 21.72% from the company’s current price.

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

Harley-Davidson Stock Performance

NYSE HOG opened at $23.00 on Wednesday. Harley-Davidson has a twelve month low of $22.86 and a twelve month high of $43.63. 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 $2.86 billion, a P/E ratio of 6.91, a PEG ratio of 0.38 and a beta of 1.49. The company’s 50-day simple moving average is $25.97 and its 200 day simple moving average is $30.57.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period last year, the firm earned $0.18 earnings per share. As a group, research analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The shares were 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 approximately $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in Harley-Davidson by 3,514.8% during the first quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock worth $25,000 after buying an additional 949 shares during the last quarter. Venturi Wealth Management LLC increased 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 valued at $26,000 after purchasing an additional 554 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Harley-Davidson in the 4th quarter valued at $42,000. Finally, Global Retirement Partners LLC increased its position in shares of Harley-Davidson by 84.3% in the 4th 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 in 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.