ProShare Advisors LLC lowered its position in shares of Harley-Davidson Inc (NYSE:HOG) by 6.7% during the first quarter, Holdings Channel reports. The fund owned 14,830 shares of the company’s stock after selling 1,060 shares during the period. ProShare Advisors LLC’s holdings in Harley-Davidson were worth $ 897,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Dodge & Cox acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 517,798,000. Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 115,866,000. 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 during the last quarter. Renaissance Technologies LLC increased its stake in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock worth $ 22,373,000 after buying an additional 368,800 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Harley-Davidson by 1,593.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 302,854 shares of the company’s stock worth $ 17,664,000 after buying an additional 284,971 shares during the last quarter. 89.54% of the stock is owned by institutional investors.
Harley-Davidson Inc (NYSE:HOG) opened at 52.99 on Thursday. The stock has a 50 day moving average price of $ 57.79 and a 200-day moving average price of $ 58.53. The company has a market capitalization of $ 9.33 billion, a price-to-earnings ratio of 15.11 and a beta of 0.88. Harley-Davidson Inc has a 12-month low of $ 41.63 and a 12-month high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. During the same quarter in the previous year, the firm posted $ 1.36 EPS. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. Equities analysts predict that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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HOG has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Deutsche Bank AG reaffirmed a “hold” rating and set a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Longbow Research raised Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Finally, Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 price target on shares of Harley-Davidson in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson presently 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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