Harley-Davidson Inc (NYSE:HOG) Stake Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 3.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 74,290 shares of the company’s stock after selling 2,518 shares during the quarter. Retirement Systems of Alabama’s holdings in Harley-Davidson were worth $2,649,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. TD Capital Management LLC purchased a new position in Harley-Davidson in the 4th quarter worth approximately $25,000. PRW Wealth Management LLC purchased a new position in Harley-Davidson in the 4th quarter worth approximately $26,000. Signet Investment Advisory Group Inc. purchased a new position in Harley-Davidson in the 4th quarter worth approximately $29,000. Machina Capital S.A.S. purchased a new position in Harley-Davidson in the 4th quarter worth approximately $31,000. Finally, Doyle Wealth Management purchased a new position in Harley-Davidson in the 4th quarter worth approximately $34,000. Institutional investors own 90.03% of the company’s stock.

A number of equities analysts have commented on the company. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a research report on Thursday, April 4th. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. William Blair reiterated a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Finally, Goldman Sachs Group restated a “sell” rating and set a $34.00 price target (down from $37.00) on shares of Harley-Davidson in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $42.08.

Shares of HOG stock traded down $0.48 during mid-day trading on Wednesday, hitting $35.18. The company’s stock had a trading volume of 1,283,949 shares, compared to its average volume of 2,216,089. Harley-Davidson Inc has a 52-week low of $31.36 and a 52-week high of $46.79. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.22 and a quick ratio of 1.05. The stock has a market capitalization of $5.63 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.18 and a beta of 1.15.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.12. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. The company’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. As a group, analysts anticipate that Harley-Davidson Inc will post 3.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 30th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Wednesday, May 29th. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.

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Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

See Also: Fundamental Analysis

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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