Harley-Davidson, Inc. $HOG Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,300 shares of the company’s stock after selling 11,700 shares during the period. Swiss National Bank owned 0.19% of Harley-Davidson worth $5,916,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HOG. Versant Capital Management Inc grew its stake in shares of Harley-Davidson by 3,514.8% in the 1st 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 period. Assetmark Inc. lifted its holdings in Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after buying an additional 713 shares in the last quarter. CX Institutional acquired a new stake in Harley-Davidson during the 1st quarter worth approximately $28,000. Financial Harvest LLC acquired a new stake in Harley-Davidson during the 1st quarter worth approximately $30,000. Finally, UMB Bank n.a. lifted its holdings in Harley-Davidson by 153.6% during the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after buying an additional 791 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

NYSE HOG opened at $27.66 on Tuesday. The company has a 50 day simple moving average of $24.53 and a 200-day simple moving average of $24.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.29. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on HOG. Robert W. Baird lifted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 14th. UBS Group cut their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Finally, Citigroup raised their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.83.

Insider Buying and Selling

In related news, Director Rafeh Masood acquired 2,068 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were bought at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the purchase, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. This trade represents a 78.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.93% of the company’s stock.

About Harley-Davidson

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.