Olstein Capital Management L.P. Invests $1.78 Million in Harley-Davidson, Inc. (HOG)
Olstein Capital Management L.P. acquired a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,000 shares of the company’s stock, valued at approximately $1,783,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance increased its position in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. purchased a new position in shares of Harley-Davidson during the first quarter valued at approximately $200,000. Appleton Group LLC purchased a new position in shares of Harley-Davidson during the first quarter valued at approximately $210,000. Northside Capital Management LLC purchased a new position in shares of Harley-Davidson during the first quarter valued at approximately $218,000. Finally, Wedbush Securities Inc. increased its position in shares of Harley-Davidson by 20.7% in the second quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.
Harley-Davidson, Inc. (NYSE:HOG) opened at 47.68 on Wednesday. The stock’s 50 day moving average is $50.18 and its 200-day moving average is $55.25. The company has a market cap of $8.32 billion, a PE ratio of 13.96 and a beta of 0.84. Harley-Davidson, Inc. has a 52-week low of $46.00 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current fiscal year.
Several research analysts have recently issued reports on HOG shares. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. ValuEngine upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Barclays PLC reiterated an “equal weight” rating and set a $52.00 price target (down from $53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $50.00 price target (down from $52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Two equities 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. The company currently has a consensus rating of “Hold” and an average price target of $54.56.
Harley-Davidson Company Profile
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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