State of Tennessee Treasury Department lowered its position in Harley-Davidson Inc (NYSE:HOG) by 28.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,145 shares of the company’s stock after selling 26,628 shares during the period. State of Tennessee Treasury Department’s holdings in Harley-Davidson were worth $ 4,123,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Leavell Investment Management Inc. increased its position in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $ 335,000 after buying an additional 34 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock valued at $ 561,000 after buying an additional 38 shares in the last quarter. Commerce Bank increased its position in shares of Harley-Davidson by 4.6% in the first quarter. Commerce Bank now owns 6,168 shares of the company’s stock valued at $ 373,000 after buying an additional 270 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Harley-Davidson by 4.6% in the first quarter. Heartland Advisors Inc. now owns 6,982 shares of the company’s stock valued at $ 422,000 after buying an additional 307 shares in the last quarter. Finally, Cambiar Investors LLC increased its position in shares of Harley-Davidson by 0.9% in the first quarter. Cambiar Investors LLC now owns 57,871 shares of the company’s stock valued at $ 3,501,000 after buying an additional 488 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded up 1.10% during midday trading on Friday, reaching $ 52.43. The company had a trading volume of 734,967 shares. The company has a 50 day moving average of $ 56.37 and a 200 day moving average of $ 58.35. The company has a market capitalization of $ 9.23 billion, a PE ratio of 14.95 and a beta of 0.88. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period last year, the firm earned $ 1.36 earnings per share. Analysts predict that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.82%. Harley-Davidson’s payout ratio is currently 38.22%.
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Several research analysts have recently commented on HOG shares. Citigroup Inc reduced their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada lifted their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 5th. Deutsche Bank AG reissued 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 reissued a “hold” rating and set a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the stock. Harley-Davidson has an average 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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