On September 19, 2023, it was reported that Wealth Advisors LLC had purchased a new position in Harley-Davidson, Inc. in the second quarter. According to the company’s disclosure with the Securities and Exchange Commission (SEC), the institutional investor acquired 18,191 shares of the company’s stock, which were valued at approximately $661,000.
Harley-Davidson (NYSE:HOG) recently released its quarterly earnings data on Thursday, July 27th. The company reported earnings per share of $1.22 for the quarter, falling short of analysts’ consensus estimates of $1.40 by ($0.18). Despite this decline, Harley-Davidson still achieved a net margin of 13.03% and a return on equity of 26.10%. The company’s revenue for the quarter amounted to $1.45 billion, surpassing analysts’ expectations of $1.32 billion. However, it is worth noting that the firm experienced a decrease in quarterly revenue compared to the same period last year.
Moving forward, analysts anticipate that Harley-Davidson will post an EPS of 4.58 for the current year. This projection offers insights into the company’s potential performance for investors considering their next steps.
Throughout this period, HOG has been closely followed by various research reports and analyses. For instance, in June 2023, 3M reiterated a “maintains” rating on shares of Harley-Davidson while StockNews.com initiated coverage with a “hold” rating for the stock in August 2023.
Another significant development was DA Davidson upgrading its rating on Harley-Davidson from “neutral” to “buy” in July 2023 and raising their price target from $38.00 to $47.00. Conversely, Citigroup reduced their price target from $40.00 to $37.00 and assigned a “neutral” rating for the company in September 2023.
In addition, Robert W. Baird raised their price target on Harley-Davidson from $46.00 to $50.00 and gave the company a positive “outperform” rating in July 2023. With these mixed ratings and recommendations, it is essential for investors to thoroughly evaluate the available information before making any investment decisions.
As of September 19, 2023, Bloomberg reports that the average rating for Harley-Davidson is “Hold,” with an average price target of $45.43. The stock has been given a hold rating by five analysts and a buy rating by four analysts.
These research reports and analyst opinions provide valuable insights into the market perception of Harley-Davidson’s performance and potential prospects. However, investors should consider conducting their due diligence and consulting with financial advisors before making investment decisions based on these analyses.
Disclaimer: The information provided in this article is based solely on the mentioned texts and does not constitute investment advice or endorsement of any particular security or strategy. It is important to perform thorough research and seek professional guidance before making any investment decisions.
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Harley-Davidson’s Changing Investor Base: Recent Ownership Adjustments and Performance Analysis
Harley-Davidson, Inc., the renowned American motorcycle manufacturer, has seen some noteworthy changes in its ownership recently. Various institutional investors have made adjustments to their positions in the company, and these moves highlight the shifting landscape of Harley-Davidson’s investor base.
One such change came from Balyasny Asset Management LLC, which purchased a new stake in Harley-Davidson during the third quarter. The acquisition was valued at an impressive $26,684,000. Arrowstreet Capital Limited Partnership also saw a significant increase in its stake in the company, with a 77.2% rise during the first quarter. This brought their total shares to 1,253,019 and valued them at $47,577,000.
Additionally, Morgan Stanley increased its stake by 31.3% during the fourth quarter and now holds 1,984,491 shares of Harley-Davidson stock worth $82,555′,000. Freshford Capital Management LLC entered into the mix as well with a new stake worth $16,933′,000 acquired during the first quarter.
Finally,’, Maple Rock Capital Partners Inc.’s stake rose by 62.8% during the fourth quarter’, bringing their total holdings to 994500 shares valued at $41,’,371′,000. Notably,’ hedge funds and other institutional investors own approximately 82.29% of Harley-Davidson’s stock.
Examining Harley-Davidson’s performance on the NYSE as of Tuesday,’, September 19th reveals that HOG shares opened at $32.’,82. Furthermore,’, its market capitalization stands at $4.’,65 billion with a price-to-earnings ratio of 6.’,17,’ a PEG ratio of 1.’,44,’, and a beta of 1.’,40.
Harley-Davidson currently holds a debt-to-equity ratio of 1.’,’81,’, reflecting its financial standing.’,’ The company boasts a quick ratio of 1′,’.69 as well as a current ratio of 2.’,’.03′,’ indicating its ability to meet short-term financial obligations.
Analyzing the stock’s performance over time,’, we find that its 50-day simple moving average is $35.’,08 and its two-hundred day simple moving average is $35.66. Within the past year,’, Harley-Davidson’s share price has ranged between $30.85 and $51.77,’, reaching its highest point in the last fifty-two weeks.
Industry experts have weighed in on Harley-Davidson, issuing various research reports regarding its future prospects.’,’ 3M reiterated a “maintains” rating on HOG shares in June’, while StockNews.com recently began coverage with a “hold” rating on the company.
DA Davidson provided positive news for investors by upgrading Harley-Davidson from a “neutral” to a “buy” rating’, accompanied by an increased price target from $38.00 to $47.00. Citigroup, however, reduced the stock’s price target from $40.00 to $37.00 while maintaining a “neutral” rating.
The opinions differ amongst analysts, with five giving HOG shares a hold rating and four claiming they are deserving of a buy rating.’, Bloomberg reports that the average rating for Harley-Davidson is currently “Hold,” with an average price target of $45.’,’43.
On another note,’ Harley-Davidson recently announced their intention to pay out quarterly dividends.’,’ Shareholders of record on Tuesday,’ September 12th will receive a dividend payment amounting to $0.’,’165 per share.’,’ This translates into an annualized dividend of $0.”,”66 and offers shareholders a yield of 2.”,”01%”,”.'”,”Harley-Davidson’s dividend payout ratio (DPR) presently stands at 12.”,”41%”.
In intriguing corporate news’,’ Director Rafeh Masood made a significant purchase in the company’, acquiring 1,302 shares at an average price of $38.”,”40. Following this transaction’, his total holdings reached 2,637 shares valued at $101,260.”,”80″. This information was revealed through a filing with the Securities & Exchange Commission.
With these recent developments in Harley-Davidson’s ownership and performance,’, it remains to be seen how the company will navigate the challenges and opportunities that lie ahead. Investors will undoubtedly be watching closely as they evaluate their options within this iconic motorcycle manufacturer.
