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

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

A number of other research analysts have also issued reports on the stock. Morgan Stanley lowered shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $40.00 to $33.00 in a report on Tuesday, January 21st. Bank of America decreased their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Robert W. Baird cut their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.14.

Harley-Davidson Trading Down 1.4 %

NYSE HOG opened at $28.34 on Thursday. Harley-Davidson has a twelve month low of $27.37 and a twelve month high of $44.16. The business’s fifty day moving average is $31.15 and its 200 day moving average is $34.07. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48.

Harley-Davidson Announces Dividend

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

Insider Transactions at Harley-Davidson

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 sale, the director now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Trading of Harley-Davidson

Several large investors have recently made changes to their positions in the company. Mork Capital Management LLC acquired a new position in Harley-Davidson during the 3rd quarter worth approximately $1,926,000. Barclays PLC raised its position 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 during the period. Quantinno Capital Management LP raised its position in shares of Harley-Davidson by 151.3% during 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 period. Quantbot Technologies LP grew its position in Harley-Davidson by 190.4% in the 3rd 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 during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Harley-Davidson during the third quarter valued at about $2,725,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

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.