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

Harley-Davidson (NYSE:HOG) had its target price decreased by investment analysts at UBS Group from $35.00 to $28.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 4.31% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird cut their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. DA Davidson decreased their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Bank of America reduced their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Citigroup decreased their price target on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $33.57.

Harley-Davidson Trading Up 0.3 %

HOG stock traded up $0.07 during trading on Thursday, reaching $26.84. 134,099 shares of the stock traded hands, compared to its average volume of 2,255,885. The business’s 50 day moving average price is $28.73 and its 200-day moving average price is $32.94. The firm has a market capitalization of $3.42 billion, a PE ratio of 8.03, a P/E/G ratio of 0.37 and a beta of 1.46. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. Harley-Davidson has a 52-week low of $25.25 and a 52-week high of $44.16.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period in the previous year, the firm posted $0.18 EPS. As a group, sell-side analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current year.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds have recently made changes to their positions in HOG. Venturi Wealth Management LLC grew its position in Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after buying an additional 554 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson during the third quarter worth $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Harley-Davidson during the third quarter worth $38,000. Bessemer Group Inc. lifted its holdings in shares of Harley-Davidson by 237.9% during 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. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Harley-Davidson in the 4th quarter valued at $42,000. 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.