Gabelli Funds LLC continued to hold its stake in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,800 shares of the company’s stock at the end of the first quarter. Gabelli Funds LLC’s holdings in Harley-Davidson were worth $ 3,376,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in HOG. Appleton Group LLC bought a new stake in Harley-Davidson during the first quarter valued at about $ 210,000. British Columbia Investment Management Corp boosted its stake in Harley-Davidson by 6.2% in the first quarter. British Columbia Investment Management Corp now owns 79,387 shares of the company’s stock valued at $ 4,803,000 after buying an additional 4,611 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Harley-Davidson by 8.5% in the first quarter. UBS Asset Management Americas Inc. now owns 480,527 shares of the company’s stock valued at $ 29,072,000 after buying an additional 37,779 shares in the last quarter. World Asset Management Inc boosted its stake in Harley-Davidson by 18.5% in the first quarter. World Asset Management Inc now owns 20,360 shares of the company’s stock valued at $ 1,232,000 after buying an additional 3,172 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Harley-Davidson by 25.7% in the first quarter. Swiss National Bank now owns 626,396 shares of the company’s stock valued at $ 37,897,000 after buying an additional 127,900 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded down 1.202% during mid-day trading on Wednesday, hitting $ 52.205. 1,004,355 shares of the stock were exchanged. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The stock has a market cap of $ 9.19 billion, a price-to-earnings ratio of 14.886 and a beta of 0.88. The company has a 50 day moving average price of $ 56.86 and a 200 day moving average price of $ 58.45.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. The firm had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $ 1.36 earnings per share. Analysts expect that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.76%. Harley-Davidson’s payout ratio is currently 38.22%.
Several research firms recently issued reports on HOG. Sanford C. Bernstein decreased their target price on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Barclays PLC reissued an “equal weight” rating and issued a $ 52.00 target price (down from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and issued a $ 50.00 target price (down from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Royal Bank of Canada decreased their target price on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and a consensus price target of $ 56.12.
Harley-Davidson Company Profile
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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