Alliancebernstein L.P. trimmed its stake in Harley-Davidson Inc (NYSE:HOG) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 291,156 shares of the company’s stock after selling 17,100 shares during the period. Alliancebernstein L.P. owned 0.17% of Harley-Davidson worth $14,814,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Harley-Davidson in the 3rd quarter worth about $166,000. IFG Advisory LLC purchased a new stake in shares of Harley-Davidson in the 4th quarter worth about $239,000. IFM Investors Pty Ltd purchased a new stake in shares of Harley-Davidson in the 3rd quarter worth about $280,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Harley-Davidson by 22.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock worth $294,000 after purchasing an additional 1,100 shares during the period. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Harley-Davidson in the 4th quarter worth about $313,000. 95.87% of the stock is owned by hedge funds and other institutional investors.
HOG has been the subject of several research analyst reports. Goldman Sachs cut shares of Harley-Davidson to a “hold” rating and set a $43.00 target price for the company. in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Friday, February 2nd. Wedbush raised their target price on shares of Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, December 7th. Stifel Nicolaus decreased their price target on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. Finally, Wells Fargo upgraded shares of Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.00.
Shares of Harley-Davidson Inc (HOG) opened at $42.13 on Friday. The firm has a market cap of $7,241.79, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.06 and a current ratio of 1.23. Harley-Davidson Inc has a 12 month low of $42.13 and a 12 month high of $62.95.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. Harley-Davidson’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. equities research analysts predict that Harley-Davidson Inc will post 3.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.37 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Tuesday, February 13th. Harley-Davidson’s dividend payout ratio (DPR) is currently 49.66%.
Harley-Davidson announced that its board has authorized a share repurchase plan on Monday, February 5th that permits the company to buyback 15,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $47.62, for a total transaction of $41,429.40. Following the sale, the vice president now owns 3,399 shares of the company’s stock, valued at $161,860.38. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
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Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which 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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