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.
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%.
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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.
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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