Teacher Retirement System of Texas Sells 21,513 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Teacher Retirement System of Texas reduced its position in Harley-Davidson, Inc. (NYSE:HOG) by 42.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,613 shares of the company’s stock after selling 21,513 shares during the period. Teacher Retirement System of Texas’ holdings in Harley-Davidson were worth $722,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HOG. Versant Capital Management Inc grew its holdings in shares of Harley-Davidson by 3,514.8% during the first quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock valued at $25,000 after buying an additional 949 shares during the last quarter. CX Institutional acquired a new position in Harley-Davidson during the 1st quarter valued at about $28,000. Bessemer Group Inc. raised its stake in shares of Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after purchasing an additional 791 shares during the last quarter. Finally, IMG Wealth Management Inc. bought a new position in shares of Harley-Davidson in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HOG shares. UBS Group decreased their price target on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a research note on Wednesday, April 9th. Citigroup increased their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Finally, Robert W. Baird boosted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average target price of $29.83.

Harley-Davidson Trading Down 2.6%

NYSE HOG opened at $24.00 on Wednesday. The business’s fifty day moving average is $24.40 and its 200-day moving average is $25.28. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.49 and a beta of 1.30. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.80 by $0.27. The business had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The company’s revenue for the quarter was down 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $0.18 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. Harley-Davidson’s dividend payout ratio (DPR) is presently 26.87%.

Harley-Davidson 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.