CIBC World Markets Inc. raised its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 279.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,676 shares of the company’s stock after purchasing an additional 20,391 shares during the period. CIBC World Markets Inc.’s holdings in Harley-Davidson were worth $1,187,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Harley-Davidson during the 1st quarter worth approximately $103,000. Banco de Sabadell S.A purchased a new position in shares of Harley-Davidson during the 1st quarter worth approximately $127,000. Ballew Advisors Inc purchased a new position in shares of Harley-Davidson during the 1st quarter worth approximately $134,000. Rampart Investment Management Company LLC grew its holdings in shares of Harley-Davidson by 114.0% during the 1st quarter. Rampart Investment Management Company LLC now owns 4,932 shares of the company’s stock worth $211,000 after acquiring an additional 2,627 shares during the period. Finally, Dynamic Capital Management Ltd purchased a new position in shares of Harley-Davidson during the 4th quarter worth approximately $255,000. 95.38% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on HOG. ValuEngine downgraded Harley-Davidson from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Wedbush reduced their target price on Harley-Davidson from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, June 7th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Thursday, March 29th. Stifel Nicolaus reduced their target price on Harley-Davidson from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, April 13th. Finally, Sanford C. Bernstein reduced their target price on Harley-Davidson from $52.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, March 26th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.56.
Harley-Davidson opened at $42.08 on Friday, MarketBeat.com reports. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $6.93 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.37 and a beta of 0.89. Harley-Davidson Inc has a twelve month low of $39.34 and a twelve month high of $56.50.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 24th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.16. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.24 billion. Harley-Davidson had a return on equity of 32.45% and a net margin of 10.31%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. analysts expect that Harley-Davidson Inc will post 3.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.52%. Harley-Davidson’s payout ratio is currently 42.29%.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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