Swiss National Bank Has $5.92 Million Holdings in Harley-Davidson, Inc. $HOG

Key Points

• Swiss National Bank reduced its holdings in Harley-Davidson by 4.8% in the first quarter, owning 234,300 shares worth approximately $5.9 million after selling 11,700 shares.
• Harley-Davidson reported a $0.88 earnings per share for the last quarter, missing analysts' estimates, with revenue of $1.31 billion, down 19.3% year-over-year.
• Major institutional investors have shown varying positions, with Versant Capital Management increasing its stake by over 3,500% during the same quarter.

Swiss National Bank lessened its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,300 shares of the company's stock after selling 11,700 shares during the quarter. Swiss National Bank owned 0.19% of Harley-Davidson worth $5,916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Harley-Davidson by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock worth $205,940,000 after purchasing an additional 332,928 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Harley-Davidson by 4.8% during the fourth quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock worth $47,266,000 after purchasing an additional 71,495 shares in the last quarter. Brickwood Asset Management LLP lifted its stake in shares of Harley-Davidson by 24.2% during the first quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock worth $28,918,000 after purchasing an additional 223,146 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Harley-Davidson by 20.1% during the fourth quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock worth $32,035,000 after purchasing an additional 177,748 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Harley-Davidson by 61.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 630,990 shares of the company's stock worth $19,012,000 after acquiring an additional 240,411 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HOG shares. Citigroup boosted their price objective on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, June 16th. UBS Group lowered their price objective on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, Robert W. Baird boosted their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $29.83.

Harley-Davidson Stock Performance

Shares of NYSE:HOG traded up $1.5710 during trading on Friday, hitting $28.6310. 971,931 shares of the company traded hands, compared to its average volume of 2,223,100. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.44 and a beta of 1.29. The business's fifty day moving average is $24.67 and its 200-day moving average is $24.62. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $1.63 earnings per share. The company's revenue was down 19.3% compared to the same quarter last year. As a group, equities analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Harley-Davidson news, Director Rafeh Masood bought 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $24.06 per share, with a total value of $49,756.08. Following the acquisition, the director directly owned 4,705 shares of the company's stock, valued at $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.93% of the company's stock.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.