River & Mercantile Asset Management LLP purchased a new position in Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,700 shares of the company’s stock, valued at approximately $ 2,958,000.
Several other hedge funds also recently added to or reduced their stakes in HOG. Stratos Wealth Partners LTD. boosted its position in shares of Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock valued at $ 2,058,000 after buying an additional 665 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock valued at $ 70,408,000 after buying an additional 1,111,788 shares in the last quarter. Westpac Banking Corp boosted its position in shares of Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock valued at $ 7,228,000 after buying an additional 18,840 shares in the last quarter. Boston Partners boosted its position in shares of Harley-Davidson by 9.3% in the third quarter. Boston Partners now owns 1,751,244 shares of the company’s stock valued at $ 92,098,000 after buying an additional 148,366 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.88% during mid-day trading on Wednesday, hitting $ 56.41. 3,760,442 shares of the stock were exchanged. Harley-Davidson Inc has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm has a 50-day moving average price of $ 60.15 and a 200 day moving average price of $ 58.07. The company has a market capitalization of $ 9.85 billion, a PE ratio of 14.73 and a beta of 0.88. Harley-Davidson also was the recipient of some unusual options trading on Monday. Stock investors bought 4,888 put options on the company. This is an increase of approximately 482% compared to the typical daily volume of 840 put options.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the prior year, the firm earned $ 1.36 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities research analysts expect that Harley-Davidson Inc will post $ 3.85 earnings per share for the current year.
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HOG has been the topic of several recent research reports. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Citigroup Inc dropped 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 report on Monday, March 6th. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada set a $ 58.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a research report on Wednesday, February 1st. Finally, Wedbush reissued a “hold” rating and issued a $ 53.00 target price (up from $ 48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $ 56.12.
In related news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the sale, the vice president now owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares in the company, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $ 5,912,378 in the last three months. 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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