Harley-Davidson (NYSE:HOG) Price Target Lowered to $27.00 at UBS Group

Harley-Davidson (NYSE:HOG - Get Free Report) had its price objective cut by stock analysts at UBS Group from $28.00 to $27.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 11.32% from the stock's previous close.

A number of other research analysts also recently issued reports on HOG. DA Davidson restated a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a research note on Wednesday, April 9th. Robert W. Baird lifted their target price on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, Citigroup lifted their target price on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $29.83.

Harley-Davidson Stock Down 0.3%

Shares of HOG traded down $0.09 during mid-day trading on Tuesday, reaching $24.26. The company's stock had a trading volume of 113,633 shares, compared to its average volume of 1,935,881. Harley-Davidson has a 12-month low of $20.45 and a 12-month high of $39.93. The stock has a market cap of $2.95 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.51 and a beta of 1.30. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36. The company's 50 day moving average is $24.23 and its 200 day moving average is $25.50.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. The firm had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The firm's quarterly revenue was down 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 EPS. Equities analysts anticipate that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after purchasing an additional 949 shares in the last quarter. Assetmark Inc. increased its stake in Harley-Davidson by 209.7% in the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after purchasing an additional 713 shares during the last quarter. CX Institutional acquired a new position in Harley-Davidson in the first quarter valued at $28,000. Financial Harvest LLC acquired a new position in Harley-Davidson in the first quarter valued at $30,000. Finally, Bessemer Group Inc. increased its stake in Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock valued at $39,000 after purchasing an additional 916 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other 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.

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