Henderson Group PLC cut its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 20.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,601 shares of the company’s stock after selling 4,763 shares during the period. Henderson Group PLC’s holdings in Harley-Davidson were worth $ 1,125,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its stake in 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 during the period. FMR LLC raised its stake in 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 period. Tyers Asset Management LLC acquired a new stake in Harley-Davidson during the fourth quarter worth about $ 902,000. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter worth about $ 517,798,000. Finally, Kentucky Retirement Systems acquired a new stake in Harley-Davidson during the fourth quarter worth about $ 748,000. 89.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Harley-Davidson Inc (HOG) traded down 0.38% during trading on Wednesday, reaching $ 52.81. 435,680 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $ 55.73 and its 200 day moving average price is $ 58.27. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm has a market capitalization of $ 9.29 billion, a PE ratio of 15.06 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its quarterly 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 business 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 firm’s revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $ 1.36 earnings per share. Analysts predict that Harley-Davidson Inc will post $ 3.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
A number of brokerages have recently weighed in on HOG. Sanford C. Bernstein reduced their price objective on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. Barclays PLC reiterated an “equal weight” rating and set a $ 52.00 price target (down from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and set a $ 50.00 price objective (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 lowered their price objective 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 analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. Harley-Davidson currently has a consensus rating of “Hold” and a consensus price target 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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