Pictet Asset Management Ltd. increased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 481,736 shares of the company’s stock after buying an additional 10,783 shares during the period. Pictet Asset Management Ltd. owned 0.27% of Harley-Davidson worth $ 29,145,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in HOG. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock valued at $ 1,908,000 after buying an additional 5,927 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Harley-Davidson by 0.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 558,798 shares of the company’s stock valued at $ 29,387,000 after buying an additional 3,117 shares during the last quarter. World Asset Management Inc boosted its position in Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock valued at $ 983,000 after buying an additional 121 shares during the last quarter. Manning & Napier Advisors LLC boosted its position in Harley-Davidson by 1.7% in the third quarter. Manning & Napier Advisors LLC now owns 28,946 shares of the company’s stock valued at $ 1,521,000 after buying an additional 472 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in Harley-Davidson by 7.2% in the third quarter. State of Wisconsin Investment Board now owns 519,268 shares of the company’s stock valued at $ 27,308,000 after buying an additional 35,100 shares during the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson Inc (NYSE:HOG) traded up 0.63% during midday trading on Monday, hitting $ 52.95. The stock had a trading volume of 2,738,253 shares. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The stock’s 50-day moving average is $ 57.32 and its 200-day moving average is $ 58.46. The stock has a market capitalization of $ 9.32 billion, a PE ratio of 15.10 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the firm earned $ 1.36 earnings per share. The business’s revenue was down 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The company 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 dividend of $ 0.365 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.76%. Harley-Davidson’s dividend payout ratio is presently 38.22%.
HOG has been the subject of several recent analyst reports. Citigroup Inc decreased their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Argus restated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Royal Bank of Canada raised their price target on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Deutsche Bank AG restated a “hold” rating and set a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 target price (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. 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. The company presently has an average 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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