Capital Fund Management S.A. increased its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,509 shares of the company’s stock after purchasing an additional 3,432 shares during the period. Capital Fund Management S.A.’s holdings in Harley-Davidson were worth $1,744,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in shares of Harley-Davidson in the 2nd quarter worth $112,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Harley-Davidson in the 2nd quarter worth $183,000. Cribstone Capital Management LLC lifted its stake in shares of Harley-Davidson by 75.0% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock worth $118,000 after acquiring an additional 1,200 shares during the period. CSat Investment Advisory L.P. acquired a new stake in shares of Harley-Davidson in the 2nd quarter worth $132,000. Finally, Comerica Securities Inc. acquired a new stake in shares of Harley-Davidson in the 3rd quarter worth $202,000. Institutional investors own 87.75% of the company’s stock.
Shares of HOG opened at $40.19 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $6.74 billion, a PE ratio of 10.14, a P/E/G ratio of 1.33 and a beta of 1.08. Harley-Davidson Inc has a 52-week low of $35.76 and a 52-week high of $56.50.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.25. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 33.57%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. On average, equities research analysts forecast that Harley-Davidson Inc will post 3.88 EPS for the current fiscal year.
In other Harley-Davidson news, CFO John A. Olin sold 12,587 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 55,016 shares in the company, valued at approximately $2,392,095.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.
Several analysts have recently commented on HOG shares. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Stifel Nicolaus increased their price target on shares of Harley-Davidson from $45.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, July 25th. Citigroup increased their price target on shares of Harley-Davidson from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a report on Tuesday, August 14th. Finally, Wolfe Research began coverage on shares of Harley-Davidson in a report on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $44.38.
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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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