Lecap Asset Management Ltd. acquired a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,605 shares of the company's stock, valued at approximately $596,000.
Several other hedge funds have also recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its holdings in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock valued at $26,000 after purchasing an additional 554 shares during the last quarter. Covestor Ltd raised its holdings in shares of Harley-Davidson by 18.8% during the fourth quarter. Covestor Ltd now owns 4,163 shares of the company's stock valued at $125,000 after purchasing an additional 658 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Harley-Davidson by 7.8% during the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock valued at $346,000 after purchasing an additional 831 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after purchasing an additional 846 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.
Harley-Davidson Stock Performance
Shares of NYSE HOG opened at $23.68 on Friday. The firm has a fifty day moving average price of $23.99 and a 200-day moving average price of $25.93. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36. The stock has a market cap of $2.88 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93.
Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The firm had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. Harley-Davidson's revenue for the quarter was down 23.2% on a year-over-year basis. Equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.
Harley-Davidson Dividend Announcement
The business also recently announced 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. The ex-dividend date was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.04%. Harley-Davidson's dividend payout ratio is 26.87%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Robert W. Baird increased their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Finally, DA Davidson reiterated a "buy" rating and issued a $31.00 price target on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $30.00.
Read Our Latest Research Report on HOG
About Harley-Davidson
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Free Report)
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.
Further Reading
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