Korea Investment CORP Purchases 11,472 Shares of Harley-Davidson, Inc. (NYSE:HOG)
Korea Investment CORP boosted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 44.0% during the second quarter, Holdings Channel reports. The fund owned 37,558 shares of the company’s stock after buying an additional 11,472 shares during the period. Korea Investment CORP’s holdings in Harley-Davidson were worth $2,029,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Hartford Investment Management Co. raised its stake in shares of Harley-Davidson by 5.1% in the second quarter. Hartford Investment Management Co. now owns 41,775 shares of the company’s stock valued at $2,257,000 after buying an additional 2,037 shares during the last quarter. KAMES CAPITAL plc purchased a new stake in shares of Harley-Davidson during the first quarter valued at $828,000. Leavell Investment Management Inc. raised its stake in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $335,000 after buying an additional 34 shares during the last quarter. Shell Asset Management Co. raised its stake in shares of Harley-Davidson by 44.3% in the first quarter. Shell Asset Management Co. now owns 181,493 shares of the company’s stock valued at $10,980,000 after buying an additional 55,734 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Harley-Davidson by 147.1% in the first quarter. Janney Montgomery Scott LLC now owns 9,355 shares of the company’s stock valued at $566,000 after buying an additional 5,569 shares during the last quarter. 87.39% of the stock is currently owned by institutional investors.
Harley-Davidson, Inc. (HOG) opened at 47.90 on Tuesday. The company has a market cap of $8.35 billion, a P/E ratio of 14.03 and a beta of 0.84. Harley-Davidson, Inc. has a 12 month low of $46.00 and a 12 month high of $63.40. The firm has a 50-day moving average price of $50.39 and a 200 day moving average price of $55.33.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. On average, equities analysts expect that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
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Several analysts have recently weighed in on the company. UBS AG reissued a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a report on Monday, April 17th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $54.00 price objective on shares of Harley-Davidson in a report on Tuesday, April 18th. Royal Bank Of Canada decreased their price objective on Harley-Davidson from $60.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. Wedbush decreased their price objective on Harley-Davidson from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, April 19th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $54.56.
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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