Rhumbline Advisers Lowers Stake in Harley-Davidson (HOG)

Rhumbline Advisers lowered its holdings in Harley-Davidson (NYSE:HOG) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,303 shares of the company’s stock after selling 4,739 shares during the period. Rhumbline Advisers owned approximately 0.18% of Harley-Davidson worth $13,049,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFG Advisory LLC bought a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $239,000. Dynamic Capital Management Ltd bought a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $255,000. Sciencast Management LP bought a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $266,000. First Allied Advisory Services Inc. bought a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $313,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $424,000. 95.87% of the stock is currently owned by institutional investors.

Harley-Davidson opened at $40.77 on Monday, Marketbeat.com reports. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.11 and a quick ratio of 0.96. Harley-Davidson has a one year low of $39.34 and a one year high of $56.95. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 1.33 and a beta of 0.89.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 24th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.16. Harley-Davidson had a net margin of 10.31% and a return on equity of 32.45%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. equities research analysts forecast that Harley-Davidson will post 3.85 earnings per share for the current fiscal year.

Harley-Davidson declared that its board has approved a share buyback program on Monday, February 5th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Several analysts have recently issued reports on HOG shares. Wedbush set a $44.00 price target on shares of Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, April 11th. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price objective (up previously from $49.00) on shares of Harley-Davidson in a research note on Wednesday, January 17th. Goldman Sachs reduced their price objective on shares of Harley-Davidson from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, April 17th. Finally, ValuEngine cut shares of Harley-Davidson from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and a consensus target price of $50.75.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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