Citigroup Issues Pessimistic Forecast for Harley-Davidson (NYSE:HOG) Stock Price

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

HOG has been the subject of several other reports. UBS Group lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Robert W. Baird lowered their price target on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. 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 report on Tuesday. Finally, Bank of America cut their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.14.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $28.68 on Thursday. The company has a 50 day moving average price of $31.24 and a 200 day moving average price of $34.08. The firm has a market capitalization of $3.65 billion, a P/E ratio of 6.46, a PEG ratio of 0.33 and a beta of 1.48. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 52 week low of $27.37 and a 52 week high of $44.16.

Harley-Davidson Announces Dividend

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

Insider Activity

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the sale, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

A number of large investors have recently bought and sold shares of the business. MML Investors Services LLC grew its holdings in Harley-Davidson by 4.7% in the third quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock valued at $325,000 after purchasing an additional 379 shares during the period. Covestor Ltd grew its stake in 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. GAMMA Investing LLC increased its holdings in Harley-Davidson by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after acquiring an additional 494 shares in the last quarter. Blue Trust Inc. raised its position in Harley-Davidson by 23.5% during the third quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock worth $141,000 after acquiring an additional 697 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Harley-Davidson by 3.0% during the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock valued at $1,064,000 after purchasing an additional 807 shares in the last quarter. Institutional investors and hedge funds 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.