Fisher Asset Management LLC reduced its position in Harley-Davidson Inc (NYSE:HOG) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,853 shares of the company’s stock after selling 9,527 shares during the period. Fisher Asset Management LLC owned 0.06% of Harley-Davidson worth $ 5,860,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of HOG. Stratos Wealth Partners LTD. increased its stake 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 worth $ 2,058,000 after buying an additional 665 shares in the last quarter. FMR LLC increased its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Westpac Banking Corp increased its stake 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 worth $ 7,228,000 after buying an additional 18,840 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new stake in shares of Harley-Davidson during the third quarter worth about $ 4,591,000. Finally, Independent Franchise Partners LLP increased its stake in shares of 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. Institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.25% on Friday, reaching $ 55.40. The company’s stock had a trading volume of 251,721 shares. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a market capitalization of $ 9.75 billion, a price-to-earnings ratio of 15.80 and a beta of 0.88. The stock has a 50-day moving average price of $ 58.65 and a 200-day moving average price of $ 58.60.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business’s revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $ 1.36 earnings per share. On average, equities research analysts forecast that Harley-Davidson Inc will post $ 3.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
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A number of research firms have weighed in on HOG. Sanford C. Bernstein reduced their target price on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. Barclays PLC reiterated an “equal weight” rating and issued a $ 52.00 target price (down previously from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Deutsche Bank AG restated a “hold” rating and set a $ 50.00 price target (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Royal Bank of Canada cut their price target on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $ 56.12.
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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