Teacher Retirement System of Texas decreased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,613 shares of the company's stock after selling 21,513 shares during the quarter. Teacher Retirement System of Texas' holdings in Harley-Davidson were worth $722,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HOG. Victory Capital Management Inc. grew its stake in Harley-Davidson by 86.6% during the 4th quarter. Victory Capital Management Inc. now owns 51,533 shares of the company's stock worth $1,553,000 after buying an additional 23,922 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $1,341,000. Raymond James Financial Inc. purchased a new position in shares of Harley-Davidson during the fourth quarter worth approximately $18,802,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Harley-Davidson by 10.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,928 shares of the company's stock valued at $902,000 after acquiring an additional 2,888 shares during the period. Finally, Vestcor Inc purchased a new stake in Harley-Davidson in the 4th quarter valued at $313,000. 85.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HOG has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. UBS Group lowered their target price on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. DA Davidson reiterated a "buy" rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Finally, Citigroup lifted their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Six investment 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.com, Harley-Davidson currently has a consensus rating of "Hold" and an average price target of $29.83.
Check Out Our Latest Research Report on Harley-Davidson
Harley-Davidson Price Performance
HOG traded down $0.38 during midday trading on Thursday, reaching $23.51. 691,392 shares of the company's stock were exchanged, compared to its average volume of 1,928,525. The business's 50-day moving average price is $24.42 and its 200 day moving average price is $25.27. The stock has a market capitalization of $2.86 billion, a PE ratio of 8.75, a P/E/G ratio of 0.48 and a beta of 1.30. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36.
Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. The company had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. Harley-Davidson's revenue was down 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 earnings per share. As a group, equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.
Harley-Davidson Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, June 2nd. Harley-Davidson's payout ratio is currently 26.87%.
Harley-Davidson Profile
(
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.
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