Harley-Davidson, Inc. (HOG) Position Increased by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its position in Harley-Davidson, Inc. (NYSE:HOG) by 26.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,351 shares of the company’s stock after purchasing an additional 53,570 shares during the quarter. BNP Paribas Arbitrage SA owned 0.15% of Harley-Davidson worth $12,503,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Matrix Asset Advisors Inc. NY raised its position in Harley-Davidson by 8.0% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock worth $10,139,000 after purchasing an additional 13,897 shares during the period. Independent Franchise Partners LLP raised its position in Harley-Davidson by 53.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after purchasing an additional 2,815,749 shares during the period. Thompson Investment Management Inc. raised its position in Harley-Davidson by 0.9% in the 2nd quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock worth $4,238,000 after purchasing an additional 686 shares during the period. BlueMountain Capital Management LLC purchased a new stake in Harley-Davidson in the 2nd quarter worth about $3,059,000. Finally, Zurich Insurance Group Ltd FI raised its position in Harley-Davidson by 24.3% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 45,526 shares of the company’s stock worth $2,459,000 after purchasing an additional 8,908 shares during the period. 93.32% of the stock is currently owned by institutional investors.
HOG has been the topic of a number of research reports. Barclays PLC reduced their target price on shares of Harley-Davidson from $52.00 to $45.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Harley-Davidson from $51.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 19th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. ValuEngine lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.50.
Shares of Harley-Davidson, Inc. (NYSE:HOG) opened at $46.88 on Tuesday. The firm has a market cap of $7,960.36, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94. Harley-Davidson, Inc. has a one year low of $44.52 and a one year high of $63.40. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. Harley-Davidson’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. equities research analysts anticipate that Harley-Davidson, Inc. will post 3.43 EPS for the current year.
In other Harley-Davidson news, CEO Matthew S. Levatich sold 19,447 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the sale, the chief executive officer now directly owns 88,646 shares in the company, valued at $4,286,920.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the sale, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,739 shares of company stock valued at $3,524,954. 0.70% of the stock is owned by insiders.
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Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which 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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