Teachers Retirement System of The State of Kentucky lowered its position in Harley-Davidson, Inc. (NYSE:HOG) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,345 shares of the company’s stock after selling 6,955 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.05% of Harley-Davidson worth $5,768,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Harley-Davidson during the fourth quarter worth $6,348,000. Comerica Bank boosted its position in Harley-Davidson by 19.0% in the fourth quarter. Comerica Bank now owns 50,066 shares of the company’s stock worth $2,940,000 after buying an additional 8,009 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Harley-Davidson by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,000,239 shares of the company’s stock worth $58,354,000 after buying an additional 18,727 shares during the last quarter. FMR LLC boosted its position in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $33,578,000 after buying an additional 402,811 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock worth $22,373,000 after buying an additional 368,800 shares during the last quarter. 86.98% of the stock is owned by hedge funds and other institutional investors.
Harley-Davidson, Inc. (NYSE HOG) traded up 1.9070% during midday trading on Wednesday, hitting $55.5495. 243,351 shares of the stock traded hands. The company’s 50-day moving average is $53.98 and its 200-day moving average is $57.65. The company has a market cap of $9.78 billion, a PE ratio of 15.8396 and a beta of 0.81. Harley-Davidson, Inc. has a one year low of $41.63 and a one year high of $63.40. Harley-Davidson also was the recipient of some unusual options trading activity on Monday. Stock traders bought 7,646 put options on the stock. This is an increase of approximately 609% compared to the typical daily volume of 1,078 put options.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Harley-Davidson had a net margin of 12.50% and a return on equity of 31.69%. Harley-Davidson’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. Equities research analysts expect that Harley-Davidson, Inc. will post $3.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Thursday, May 25th were paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.46 annualized dividend and a yield of 2.68%. Harley-Davidson’s payout ratio is 41.60%.
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A number of equities analysts recently weighed in on HOG shares. Citigroup Inc. lowered their price objective on shares of Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Longbow Research raised shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Wedbush increased their price objective on shares of Harley-Davidson from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.53.
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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