Harley-Davidson (NYSE:HOG) Price Target Lowered to $23.00 at Citigroup

Harley-Davidson (NYSE:HOG) had its price target reduced by Citigroup from $28.00 to $23.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Morgan Stanley reduced their price objective on shares of Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, November 19th. Loop Capital initiated coverage on shares of Harley-Davidson in a report on Tuesday, November 25th. They issued a “hold” rating and a $21.00 target price for the company. DA Davidson cut their price target on shares of Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, UBS Group decreased their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.38.

Harley-Davidson Stock Down 0.3%

HOG stock opened at $21.05 on Wednesday. The firm has a market cap of $2.49 billion, a PE ratio of 5.11, a P/E/G ratio of 0.52 and a beta of 1.37. Harley-Davidson has a 12 month low of $20.38 and a 12 month high of $31.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.51 and a quick ratio of 2.36. The firm has a 50 day simple moving average of $22.53 and a 200 day simple moving average of $25.34.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $1.72. Harley-Davidson had a net margin of 11.37% and a return on equity of 15.19%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.01 billion. Equities research analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $0.72 dividend on an annualized basis and a yield of 3.4%. Harley-Davidson’s payout ratio is presently 17.48%.

Hedge Funds Weigh In On Harley-Davidson

Several institutional investors and hedge funds have recently modified their holdings of HOG. EverSource Wealth Advisors LLC increased its stake in shares of Harley-Davidson by 139.0% in the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock worth $26,000 after acquiring an additional 549 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares during the last quarter. UMB Bank n.a. increased its position in Harley-Davidson by 68.3% in the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock worth $52,000 after purchasing an additional 892 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter worth about $67,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Harley-Davidson by 203.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,426 shares of the company’s stock valued at $68,000 after buying an additional 1,626 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.