Citigroup Cuts Harley-Davidson (NYSE:HOG) Price Target to $31.00

Harley-Davidson (NYSE:HOG) had its price target lowered by Citigroup from $34.00 to $31.00 in a research report report published on Thursday, MarketBeat.com reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently commented on the company. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. 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 research note on Tuesday, October 15th. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley downgraded Harley-Davidson from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $40.00 to $33.00 in a research report on Tuesday, January 21st. Finally, UBS Group dropped their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average price target of $39.14.

Harley-Davidson Trading Down 1.4 %

Shares of HOG stock opened at $28.34 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 0.34 and a beta of 1.48. Harley-Davidson has a 52-week low of $27.37 and a 52-week high of $44.16. The company has a 50-day simple moving average of $31.15 and a two-hundred day simple moving average of $34.07.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s payout ratio is 15.54%.

Insider Activity

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the transaction, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mork Capital Management LLC purchased a new position in Harley-Davidson during the third quarter worth about $1,926,000. Barclays PLC grew its holdings in shares of Harley-Davidson by 135.7% during 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 increased 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 worth $1,945,000 after purchasing an additional 30,388 shares during the last quarter. Quantbot Technologies LP raised its stake in Harley-Davidson by 190.4% in the third quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock valued at $6,637,000 after purchasing an additional 112,948 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in Harley-Davidson during the third quarter valued at approximately $2,725,000. 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.