Fmr LLC reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Independent Advisor Alliance raised its position 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 worth $200,000 after buying an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. bought a new position in shares of Harley-Davidson during the first quarter worth about $200,000. Stokes & Hubbell Capital Management LLC bought a new position in shares of Harley-Davidson during the first quarter worth about $201,000. Putnam Investments LLC bought a new position in shares of Harley-Davidson during the fourth quarter worth about $204,000. Finally, Appleton Group LLC bought a new position in shares of Harley-Davidson during the first quarter worth about $210,000. Hedge funds and other institutional investors own 84.95% of the company’s stock.
Shares of Harley-Davidson, Inc. (HOG) opened at 51.99 on Wednesday. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 14.82 and a beta of 0.86. Harley-Davidson, Inc. has a 1-year low of $47.03 and a 1-year high of $63.40. The firm’s 50-day moving average is $53.81 and its 200-day moving average is $57.40.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the business earned $1.36 earnings per share. The company’s revenue was down 15.7% compared to the same quarter last year. On average, analysts predict that Harley-Davidson, Inc. will post $3.75 earnings per share for the current fiscal year.
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A number of brokerages recently issued reports on HOG. UBS AG reiterated a “neutral” rating and issued a $57.00 target price on shares of Harley-Davidson in a research report on Monday, April 17th. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 4th. Barclays PLC reiterated an “equal weight” rating and issued a $52.00 target price (down previously from $53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Finally, Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Nineteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $56.53.
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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