CIBC World Markets Inc. decreased its stake in Harley-Davidson Inc (NYSE:HOG) by 60.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,701 shares of the company’s stock after selling 13,542 shares during the period. CIBC World Markets Inc.’s holdings in Harley-Davidson were worth $ 526,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of HOG. Dodge & Cox acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. 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 valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp increased its stake in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares during the last quarter. LSV Asset Management increased its stake in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Harley-Davidson by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 2,789,866 shares of the company’s stock valued at $ 168,787,000 after buying an additional 328,480 shares during the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded down 0.27% during trading on Friday, reaching $ 52.62. The company had a trading volume of 2,321,412 shares. The company has a 50-day moving average price of $ 57.56 and a 200 day moving average price of $ 58.49. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The company has a market capitalization of $ 9.26 billion, a price-to-earnings ratio of 15.00 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data 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 firm had revenue of $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter last year, the business posted $ 1.36 EPS. Analysts expect that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.77%. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
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Several analysts recently commented on HOG shares. Citigroup Inc dropped their price objective on 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 reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada raised their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $ 50.00 price objective (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $ 63.00 price objective (up previously from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and a consensus 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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