Franklin Street Advisors Inc. NC decreased its position in Harley-Davidson Inc (NYSE:HOG) by 11.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,815 shares of the company’s stock after selling 3,210 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Harley-Davidson were worth $ 1,441,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of HOG. Dodge & Cox bought a new position in Harley-Davidson during the fourth quarter worth $ 517,798,000. Independent Franchise Partners LLP increased its position in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares in the last quarter. State Street Corp increased its position in Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares in the last quarter. BlackRock Fund Advisors increased its position in Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock worth $ 150,281,000 after buying an additional 60,156 shares in the last quarter. Finally, Kiltearn Partners LLP increased its position in Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock worth $ 155,120,000 after buying an additional 183,300 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.
Harley-Davidson Inc (NYSE:HOG) opened at 61.02 on Wednesday. The firm’s 50-day moving average is $ 59.33 and its 200 day moving average is $ 57.51. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a market capitalization of $ 10.65 billion, a price-to-earnings ratio of 15.93 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.11 billion for the quarter, compared to analysts’ expectations of $ 972.47 million. During the same period in the previous year, the firm posted $ 0.22 earnings per share. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts forecast that Harley-Davidson Inc will post $ 3.85 EPS for the current fiscal year.
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A number of equities analysts have recently commented on the stock. Citigroup Inc cut their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Argus reissued a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada raised their target price on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research note on Wednesday. Goldman Sachs Group Inc reissued a “neutral” rating and issued a $ 57.00 target price on shares of Harley-Davidson in a research note on Monday, December 19th. Finally, Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $ 55.65.
In related news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the transaction, the director now directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares in the company, valued at $ 125,115. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock worth $ 5,912,378 over the last ninety days. 0.99% of the stock is currently owned by insiders.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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