Stokes & Hubbell Capital Management LLC purchased a new position in shares of Harley-Davidson Inc (NYSE:HOG) during the first quarter, Holdings Channel reports. The firm purchased 3,325 shares of the company’s stock, valued at approximately $ 201,000.
Other institutional investors also recently made changes to their positions in the company. Gulf International Bank UK Ltd raised its position in Harley-Davidson by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 56,619 shares of the company’s stock valued at $ 3,425,000 after buying an additional 800 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in Harley-Davidson during the first quarter valued at $ 255,000. Fulton Bank N.A. raised its position in 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 during the last quarter. Manning & Napier Advisors LLC raised its position in Harley-Davidson by 14.0% in the first quarter. Manning & Napier Advisors LLC now owns 32,778 shares of the company’s stock valued at $ 1,982,000 after buying an additional 4,014 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in Harley-Davidson by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,097 shares of the company’s stock valued at $ 9,202,000 after buying an additional 4,305 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.
Harley-Davidson Inc (NYSE:HOG) traded down 2.18% during midday trading on Thursday, hitting $ 59.72. 3,130,776 shares of the stock traded hands. The company has a 50-day moving average of $ 59.94 and a 200-day moving average of $ 57.87. The stock has a market cap of $ 10.43 billion, a PE ratio of 15.59 and a beta of 0.88. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. The business earned $ 1.11 billion during the quarter, compared to the consensus estimate of $ 972.47 million. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $ 0.22 earnings per share. On average, equities analysts expect that Harley-Davidson Inc will post $ 3.85 EPS for the current fiscal year.
Several equities analysts recently weighed in on HOG shares. Goldman Sachs Group Inc restated a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a report on Monday, December 19th. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Wedbush restated a “hold” rating and set a $ 53.00 target price (up previously from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Royal Bank of Canada reduced their target price on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 1st. Finally, Barclays PLC restated an “underweight” rating and set a $ 53.00 target price (up previously from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $ 55.65.
In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the sale, the director now directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock valued at $ 5,912,378 over the last three months. Insiders own 0.99% of the company’s stock.
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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