Citigroup Increases Harley-Davidson (NYSE:HOG) Price Target to $27.00

Harley-Davidson (NYSE:HOG - Get Free Report) had its price target hoisted by investment analysts at Citigroup from $24.00 to $27.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 10.10% from the stock's current price.

Other analysts have also issued research reports about the company. UBS Group lowered their target price on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Robert W. Baird raised their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, DA Davidson reissued a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Harley-Davidson presently has an average rating of "Hold" and an average price target of $30.00.

Harley-Davidson Trading Up 1.3%

HOG stock traded up $0.32 during trading on Monday, hitting $24.52. The company had a trading volume of 126,840 shares, compared to its average volume of 1,932,182. Harley-Davidson has a 52-week low of $20.45 and a 52-week high of $39.93. The company has a 50 day simple moving average of $23.77 and a 200-day simple moving average of $26.45. The firm has a market capitalization of $2.98 billion, a P/E ratio of 7.36, a PEG ratio of 0.38 and a beta of 1.32. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.27. The firm had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. Harley-Davidson's quarterly revenue was down 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. As a group, research analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its holdings in shares of Harley-Davidson by 153.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company's stock valued at $53,000 after purchasing an additional 1,278 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company's stock valued at $443,000 after acquiring an additional 2,712 shares during the last quarter. Caxton Associates LLP acquired a new stake in Harley-Davidson during the first quarter worth about $1,577,000. Jones Financial Companies Lllp raised its stake in Harley-Davidson by 9,485.0% during the first quarter. Jones Financial Companies Lllp now owns 302,503 shares of the company's stock worth $7,638,000 after purchasing an additional 299,347 shares during the period. Finally, Millennium Management LLC acquired a new position in Harley-Davidson in the 1st quarter valued at about $33,884,000. 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.

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