KAMES CAPITAL plc Buys New Position in Harley-Davidson Inc (HOG)

KAMES CAPITAL plc bought a new stake in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,678 shares of the company’s stock, valued at approximately $ 828,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Dodge & Cox acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 115,866,000. FMR LLC boosted 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 valued at $ 33,578,000 after buying an additional 402,811 shares during the last quarter. Renaissance Technologies LLC boosted 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 valued at $ 22,373,000 after buying an additional 368,800 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted 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 valued at $ 17,664,000 after buying an additional 284,971 shares during the last quarter. 89.54% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson Inc (NYSE:HOG) traded up 1.32% during midday trading on Tuesday, hitting $ 53.01. 1,507,853 shares of the company 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 capitalization of $ 9.33 billion, a price-to-earnings ratio of 15.12 and a beta of 0.88. The company has a 50-day moving average price of $ 55.99 and a 200-day moving average price of $ 58.32.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $ 1.36 earnings per share. On average, analysts forecast that Harley-Davidson Inc will post $ 3.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a yield of 2.75%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is currently 38.22%.

TRADEMARK VIOLATION WARNING: “KAMES CAPITAL plc Buys New Position in Harley-Davidson Inc (HOG)” was first reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://transcriptdaily.com/2017/05/30/kames-capital-plc-invests-828000-in-harley-davidson-inc-hog-updated-updated-updated.html.

HOG has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 1st. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $ 55.00 target price (down from $ 57.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Barclays PLC reiterated an “underweight” rating and issued a $ 53.00 target price (up from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Morgan Stanley reiterated an “overweight” rating and issued a $ 59.00 target price (down from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Finally, Argus reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $ 56.12.

About Harley-Davidson

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.

Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Let’s block ads! (Why?)

Google Alert – harley davidson news

Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Leave a Reply

Your email address will not be published. Required fields are marked *