New York State Teachers Retirement System Sells 6,901 Shares of Harley-Davidson, Inc. (NYSE:HOG)

New York State Teachers Retirement System lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,596 shares of the company’s stock after selling 6,901 shares during the quarter. New York State Teachers Retirement System’s holdings in Harley-Davidson were worth $6,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Harley-Davidson in the first quarter worth about $31,000. BKM Wealth Management LLC purchased a new position in Harley-Davidson during the 4th quarter valued at approximately $36,000. Penserra Capital Management LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter worth approximately $44,000. Headinvest LLC bought a new position in shares of Harley-Davidson during the 3rd quarter valued at approximately $52,000. Finally, National Bank of Canada FI boosted its position in shares of Harley-Davidson by 30.3% during the 3rd quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock valued at $54,000 after acquiring an additional 391 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HOG. DA Davidson upped their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America upped their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets lifted their price target on Harley-Davidson from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Citigroup upped their price objective on Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, UBS Group lifted their target price on Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

Harley-Davidson Stock Performance

HOG stock opened at $39.72 on Friday. Harley-Davidson, Inc. has a twelve month low of $25.43 and a twelve month high of $44.16. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 2.70 and a beta of 1.43. The business’s fifty day simple moving average is $39.49 and its two-hundred day simple moving average is $34.50. The company has a quick ratio of 1.25, a current ratio of 1.53 and a debt-to-equity ratio of 1.53.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. The company had revenue of $791.65 million during the quarter, compared to analyst estimates of $875.29 million. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Analysts predict that Harley-Davidson, Inc. will post 4.22 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a $0.1725 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.74%. Harley-Davidson’s payout ratio is presently 14.32%.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.