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

Harley-Davidson (NYSE:HOG) had its price objective dropped by stock analysts at UBS Group from $28.00 to $27.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 7.55% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Zacks Research downgraded shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Morgan Stanley cut shares of Harley-Davidson from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $27.00 to $25.00 in a research report on Monday, October 27th. Griffin Securities set a $34.00 target price on Harley-Davidson in a research report on Monday, August 25th. Finally, DA Davidson dropped their price objective on shares of Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $29.43.

Harley-Davidson Trading Down 0.4%

Shares of HOG stock traded down $0.10 during trading on Thursday, hitting $25.11. 429,883 shares of the stock traded hands, compared to its average volume of 2,081,419. The firm’s fifty day moving average price is $27.77 and its 200-day moving average price is $25.94. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The firm has a market capitalization of $2.97 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.40 and a beta of 1.39. Harley-Davidson has a 52-week low of $20.45 and a 52-week high of $35.21.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. As a group, research analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Harley-Davidson

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of Harley-Davidson by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 62,273 shares of the company’s stock valued at $1,572,000 after buying an additional 1,469 shares in the last quarter. M&T Bank Corp bought a new position in shares of Harley-Davidson during the first quarter worth about $254,000. New York State Common Retirement Fund grew its stake in Harley-Davidson by 1.4% in the first quarter. New York State Common Retirement Fund now owns 74,409 shares of the company’s stock worth $1,879,000 after purchasing an additional 1,058 shares in the last quarter. Edgestream Partners L.P. grew its position in shares of Harley-Davidson by 259.0% in the 1st quarter. Edgestream Partners L.P. now owns 139,147 shares of the company’s stock worth $3,513,000 after acquiring an additional 100,387 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Harley-Davidson by 85.3% in the first quarter. Signaturefd LLC now owns 2,933 shares of the company’s stock worth $74,000 after purchasing an additional 1,350 shares during the period. 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.