CIBC World Markets Inc. raised its position in Harley-Davidson Inc (NYSE:HOG) by 45.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 55,044 shares of the company’s stock after acquiring an additional 17,290 shares during the period. CIBC World Markets Inc.’s holdings in Harley-Davidson were worth $2,493,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in HOG. Whittier Trust Co. acquired a new stake in Harley-Davidson in the second quarter valued at approximately $112,000. CSat Investment Advisory L.P. acquired a new stake in Harley-Davidson in the second quarter valued at approximately $132,000. Comerica Securities Inc. acquired a new stake in Harley-Davidson in the third quarter valued at approximately $202,000. Sun Life Financial INC grew its stake in Harley-Davidson by 2,059.1% in the second quarter. Sun Life Financial INC now owns 4,858 shares of the company’s stock valued at $204,000 after acquiring an additional 4,633 shares during the period. Finally, IFG Advisory LLC acquired a new stake in Harley-Davidson in the third quarter valued at approximately $206,000. 87.75% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on HOG. Wolfe Research began coverage on Harley-Davidson in a research note on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 price objective for the company. ValuEngine raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. Wedbush cut their target price on Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 4th. Citigroup lifted their target price on Harley-Davidson from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.38.
Shares of NYSE:HOG opened at $42.49 on Friday. The company has a market cap of $6.97 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.38 and a beta of 1.08. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.95 and a current ratio of 1.08. Harley-Davidson Inc has a 12-month low of $35.76 and a 12-month high of $56.50.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.25. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Harley-Davidson had a return on equity of 33.57% and a net margin of 9.30%. Harley-Davidson’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. As a group, research analysts predict that Harley-Davidson Inc will post 3.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.48%. Harley-Davidson’s payout ratio is 42.29%.
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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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