State Board of Administration of Florida Retirement System decreased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,776 shares of the company’s stock after selling 597 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.13% of Harley-Davidson worth $7,517,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of HOG. Allspring Global Investments Holdings LLC acquired a new position in shares of Harley-Davidson during the 4th quarter worth $27,000. Allegheny Financial Group LTD acquired a new position in Harley-Davidson in the 4th quarter valued at $27,000. Covestor Ltd acquired a new position in Harley-Davidson in the 4th quarter valued at $36,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Harley-Davidson in the 1st quarter valued at $39,000. Finally, Norwood Financial Corp acquired a new position in Harley-Davidson in the 4th quarter valued at $66,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Harley Davidson Stock Down 1.4%
Shares of NYSE:HOG opened at $37.68 on Wednesday. Harley Davidson, Inc. has a one year low of $29.80 and a one year high of $44.46. The company has a 50 day moving average of $33.71 and a 200-day moving average of $36.52. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.44 and a quick ratio of 1.25. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 0.96 and a beta of 1.34.
Harley-Davidson (NYSE:HOG – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Harley-Davidson had a net margin of 12.11% and a return on equity of 25.73%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 earnings per share. On average, sell-side analysts forecast that Harley-Davidson, Inc. will post 4.48 earnings per share for the current year.
Harley-Davidson Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Thursday, June 2nd were issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, June 1st. Harley-Davidson’s dividend payout ratio is currently 15.37%.
Analysts Set New Price Targets
HOG has been the topic of a number of research analyst reports. Wolfe Research reiterated a “buy” rating and issued a $45.00 target price on shares of Harley-Davidson in a research note on Friday, May 20th. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a research note on Tuesday, May 17th. Bank of America lowered their target price on shares of Harley-Davidson from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Robert W. Baird lowered their target price on shares of Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, April 28th. Finally, DA Davidson raised their target price on shares of Harley-Davidson to $36.00 in a research note on Tuesday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.00.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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