Toronto Dominion Bank lowered its position in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 8.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,991 shares of the company’s stock after selling 5,544 shares during the quarter. Toronto Dominion Bank’s holdings in Harley-Davidson were worth $2,247,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of HOG. Allspring Global Investments Holdings LLC bought a new position in shares of Harley-Davidson during the 4th quarter worth approximately $27,000. Allegheny Financial Group LTD bought a new position in shares of Harley-Davidson during the 4th quarter worth approximately $27,000. Covestor Ltd bought a new position in shares of Harley-Davidson during the 4th quarter worth approximately $36,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Harley-Davidson during the 1st quarter worth approximately $39,000. Finally, Norwood Financial Corp bought a new position in shares of Harley-Davidson during the 4th quarter worth approximately $66,000. Institutional investors own 91.69% of the company’s stock.
Harley Davidson Stock Up 3.6%
NYSE HOG opened at $42.15 on Wednesday. The stock has a fifty day moving average of $34.23 and a 200-day moving average of $36.74. The stock has a market capitalization of $6.16 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34. Harley Davidson, Inc. has a 52 week low of $29.80 and a 52 week high of $44.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.25 and a current ratio of 1.44.
Harley-Davidson (NYSE:HOG – Get Rating) last released its earnings results on Thursday, July 28th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.25 by $0.21. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Harley-Davidson had a return on equity of 25.73% and a net margin of 12.11%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. On average, equities research analysts forecast that Harley-Davidson, Inc. will post 4.48 EPS for the current year.
In related news, Director Rafeh Masood acquired 1,335 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was acquired at an average cost of $37.50 per share, with a total value of $50,062.50. Following the completion of the purchase, the director now directly owns 1,335 shares in the company, valued at $50,062.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on HOG shares. Northcoast Research rested a “neutral” rating on shares of Harley-Davidson in a research report on Tuesday, May 17th. Robert W. Baird dropped their price target on Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. Morgan Stanley dropped their price target on Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. BMO Capital Markets dropped their price target on Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. Finally, DA Davidson raised their price target on Harley-Davidson to $36.00 in a report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.
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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