Harley-Davidson, Inc. (NYSE:HOG) Stock Holdings Cut by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,647 shares of the company's stock after selling 11,100 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Harley-Davidson worth $3,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HOG. Jones Financial Companies Lllp boosted its stake in shares of Harley-Davidson by 62.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,156 shares of the company's stock worth $95,000 after acquiring an additional 1,215 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Harley-Davidson by 86.6% during the fourth quarter. Victory Capital Management Inc. now owns 51,533 shares of the company's stock valued at $1,553,000 after acquiring an additional 23,922 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Harley-Davidson in the 4th quarter valued at approximately $1,341,000. Raymond James Financial Inc. purchased a new stake in shares of Harley-Davidson in the 4th quarter valued at approximately $18,802,000. Finally, Edgestream Partners L.P. acquired a new position in Harley-Davidson in the 4th quarter worth approximately $1,168,000. 85.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HOG shares. Citigroup boosted their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Finally, Robert W. Baird lifted their target price on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.00.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $24.36 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93. The business's 50-day moving average price is $24.23 and its two-hundred day moving average price is $25.50. The company has a market capitalization of $2.96 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.51 and a beta of 1.30.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.80 by $0.27. The business had revenue of $315.24 million during the quarter, compared to analysts' expectations of $1.12 billion. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The firm's quarterly revenue was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 EPS. Analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.96%. The ex-dividend date was Monday, June 2nd. Harley-Davidson's payout ratio is presently 26.87%.

Harley-Davidson Company 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.

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