Creative Planning increased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 9.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,268 shares of the company’s stock after acquiring an additional 2,025 shares during the quarter. Creative Planning’s holdings in Harley-Davidson were worth $1,099,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Harley-Davidson by 10.9% in the first quarter. LPL Financial LLC now owns 26,142 shares of the company’s stock valued at $1,121,000 after buying an additional 2,574 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Harley-Davidson in the first quarter valued at about $296,000. DnB Asset Management AS purchased a new stake in shares of Harley-Davidson in the second quarter valued at about $771,000. IFM Investors Pty Ltd raised its holdings in shares of Harley-Davidson by 34.2% in the second quarter. IFM Investors Pty Ltd now owns 8,353 shares of the company’s stock valued at $351,000 after buying an additional 2,128 shares during the last quarter. Finally, Thompson Investment Management Inc. raised its holdings in shares of Harley-Davidson by 12.4% in the second quarter. Thompson Investment Management Inc. now owns 101,798 shares of the company’s stock valued at $4,284,000 after buying an additional 11,255 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.
HOG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Wolfe Research initiated coverage on shares of Harley-Davidson in a research note on Tuesday, October 2nd. They set a “peer perform” rating and a $46.00 price target on the stock. Wedbush dropped their price target on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 4th. Finally, Royal Bank of Canada lowered their target price on shares of Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.38.
In other news, insider Lawrence G. Hund sold 37,040 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the sale, the insider now directly owns 29,715 shares in the company, valued at $1,287,550.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John A. Olin sold 12,587 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $43.48, for a total transaction of $547,282.76. Following the completion of the sale, the chief financial officer now owns 55,016 shares in the company, valued at $2,392,095.68. The disclosure for this sale can be found here. Insiders have sold 51,225 shares of company stock worth $2,221,739 over the last 90 days. 0.58% of the stock is currently owned by company insiders.
Shares of HOG opened at $39.80 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.95. Harley-Davidson Inc has a twelve month low of $35.76 and a twelve month high of $56.50. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.28 and a beta of 1.08.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.25. Harley-Davidson had a net margin of 10.66% and a return on equity of 33.57%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities analysts anticipate that Harley-Davidson Inc will post 3.88 EPS for the current year.
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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