Teachers Retirement System of The State of Kentucky trimmed its position in Harley-Davidson Inc (NYSE:HOG) by 7.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 89,906 shares of the company’s stock after selling 7,092 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.05% of Harley-Davidson worth $4,575,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Swiss National Bank grew its holdings in Harley-Davidson by 0.5% during the 3rd quarter. Swiss National Bank now owns 646,096 shares of the company’s stock worth $31,148,000 after acquiring an additional 2,900 shares during the period. Global X MANAGEMENT CO LLC grew its holdings in Harley-Davidson by 21.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,489 shares of the company’s stock worth $506,000 after acquiring an additional 1,861 shares during the period. Sei Investments Co. grew its holdings in Harley-Davidson by 16.1% during the 3rd quarter. Sei Investments Co. now owns 119,339 shares of the company’s stock worth $5,754,000 after acquiring an additional 16,544 shares during the period. New York State Common Retirement Fund grew its holdings in Harley-Davidson by 1.7% during the 3rd quarter. New York State Common Retirement Fund now owns 398,120 shares of the company’s stock worth $19,193,000 after acquiring an additional 6,500 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Harley-Davidson by 9.4% during the 3rd quarter. Toronto Dominion Bank now owns 64,898 shares of the company’s stock worth $3,128,000 after acquiring an additional 5,585 shares during the period. Institutional investors own 95.87% of the company’s stock.
In other news, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the sale, the vice president now owns 3,399 shares in the company, valued at approximately $161,860.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.74, for a total transaction of $66,883.74. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
A number of analysts have weighed in on the company. Wedbush decreased their price target on Harley-Davidson to $49.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. Sanford C. Bernstein reduced their target price on Harley-Davidson from $52.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, March 26th. Zacks Investment Research downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Stifel Nicolaus restated a “hold” rating and issued a $54.00 target price (up from $49.00) on shares of Harley-Davidson in a research note on Wednesday, January 17th. Finally, Wells Fargo reduced their target price on Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.44.
Shares of Harley-Davidson stock traded down $0.42 during mid-day trading on Friday, hitting $42.19. 3,202,601 shares of the stock were exchanged, compared to its average volume of 1,851,370. Harley-Davidson Inc has a 12 month low of $41.33 and a 12 month high of $62.95. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49. The stock has a market cap of $7,105.39, a P/E ratio of 12.05, a P/E/G ratio of 1.40 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.27 EPS. Harley-Davidson’s quarterly revenue was up 12.2% compared to the same quarter last year. equities analysts anticipate that Harley-Davidson Inc will post 3.77 EPS for the current year.
Harley-Davidson declared that its board has authorized a share repurchase plan on Monday, February 5th that allows the company to repurchase 15,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
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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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