State of Alaska Department of Revenue raised its stake in Harley-Davidson Inc (NYSE:HOG) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,500 shares of the company’s stock after purchasing an additional 4,308 shares during the period. State of Alaska Department of Revenue’s holdings in Harley-Davidson were worth $2,029,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Claybrook Capital LLC raised its stake in shares of Harley-Davidson by 41.3% during the 3rd quarter. Claybrook Capital LLC now owns 1,710 shares of the company’s stock worth $138,000 after buying an additional 500 shares during the last quarter. Comerica Securities Inc. acquired a new position in shares of Harley-Davidson during the 3rd quarter worth $202,000. IFG Advisory LLC acquired a new position in shares of Harley-Davidson during the 3rd quarter worth $206,000. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in shares of Harley-Davidson during the 3rd quarter worth $208,000. Finally, Sowell Financial Services LLC purchased a new stake in Harley-Davidson during the 3rd quarter worth about $209,000. Institutional investors own 88.16% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. BMO Capital Markets dropped their price objective on Harley-Davidson from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday, October 25th. William Blair reiterated a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Finally, Barclays dropped their price objective on Harley-Davidson from $36.00 to $35.00 and set an “underperform” rating for the company in a research report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $44.00.
Harley-Davidson stock traded down $0.35 during midday trading on Friday, hitting $35.25. 1,533,096 shares of the company were exchanged, compared to its average volume of 2,689,136. The firm has a market capitalization of $5.74 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.09 and a current ratio of 1.25. Harley-Davidson Inc has a fifty-two week low of $31.36 and a fifty-two week high of $48.90.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.16). The company had revenue of $955.63 billion for the quarter, compared to analyst estimates of $1.05 billion. Harley-Davidson had a return on equity of 30.76% and a net margin of 9.30%. The business’s revenue was up 91173.4% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. On average, analysts forecast that Harley-Davidson Inc will post 3.48 earnings per share for the current fiscal year.
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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