FMR LLC reduced its stake in Harley-Davidson, Inc. (NYSE:HOG) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 551,218 shares of the company’s stock after selling 24,348 shares during the period. FMR LLC owned approximately 0.31% of Harley-Davidson worth $33,349,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOG. Independent Advisor Alliance boosted its stake in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. bought a new stake in shares of Harley-Davidson during the first quarter valued at about $200,000. Stokes & Hubbell Capital Management LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at about $201,000. Putnam Investments LLC bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $204,000. Finally, Appleton Group LLC acquired a new stake in Harley-Davidson during the first quarter worth $210,000. Institutional investors and hedge funds own 85.03% of the company’s stock.
Shares of Harley-Davidson, Inc. (NYSE:HOG) traded up 0.73% during mid-day trading on Friday, hitting $48.34. 1,584,452 shares of the stock traded hands. Harley-Davidson, Inc. has a 52 week low of $46.00 and a 52 week high of $63.40. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 14.16 and a beta of 0.84. The stock has a 50-day moving average of $52.26 and a 200-day moving average of $56.05.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. Harley-Davidson’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. Analysts anticipate that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
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A number of analysts have recently commented on HOG shares. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 target price (up previously from $58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 target price (down previously from $52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price target on shares of Harley-Davidson in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $54.00 price target on shares of Harley-Davidson in a report on Tuesday, April 18th. Finally, ValuEngine raised Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.83.
Harley-Davidson Company Profile
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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