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

Harley-Davidson (NYSE:HOG) had its price objective decreased by Citigroup from $34.00 to $31.00 in a research report released on Thursday morning, MarketBeat Ratings reports. Citigroup currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America decreased their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group reduced 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, Robert W. Baird dropped their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.14.

Harley-Davidson Stock Performance

NYSE:HOG opened at $28.68 on Thursday. The firm has a market capitalization of $3.65 billion, a PE ratio of 6.46, a PEG ratio of 0.33 and a beta of 1.48. The stock’s fifty day moving average is $31.24 and its 200 day moving average is $34.08. Harley-Davidson has a fifty-two week low of $27.37 and a fifty-two week high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 annualized dividend and a yield of 2.41%. Harley-Davidson’s payout ratio is currently 15.54%.

Insider Buying and Selling at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prospera Private Wealth LLC purchased a new stake in shares of Harley-Davidson in the 3rd quarter worth approximately $35,000. Ashton Thomas Securities LLC bought a new position in Harley-Davidson in the third quarter worth approximately $38,000. Brooklyn Investment Group purchased a new stake in Harley-Davidson during the third quarter worth $79,000. GAMMA Investing LLC boosted its position in Harley-Davidson by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after acquiring an additional 494 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after acquiring an additional 448 shares during the period. 85.10% of the stock is currently owned by institutional investors.

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.