Sumitomo Mitsui Asset Management Company LTD Has $757,000 Stake in Harley-Davidson, Inc. (NYSE:HOG)
Sumitomo Mitsui Asset Management Company LTD cut its stake in Harley-Davidson, Inc. (NYSE:HOG) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,021 shares of the company’s stock after selling 1,146 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Harley-Davidson were worth $757,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of HOG. 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 during 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. Stokes & Hubbell Capital Management LLC purchased a new position in shares of Harley-Davidson during the first quarter valued at approximately $201,000. Appleton Group LLC purchased a new position in shares of Harley-Davidson during the first quarter valued at approximately $210,000. Finally, Northside Capital Management LLC purchased a new position in shares of Harley-Davidson during the first quarter valued at approximately $218,000. 85.14% of the stock is currently owned by institutional investors.
Harley-Davidson, Inc. (HOG) opened at 48.06 on Tuesday. The company has a market cap of $8.38 billion, a PE ratio of 14.07 and a beta of 0.84. The company has a 50-day moving average of $52.26 and a 200-day moving average of $56.05. Harley-Davidson, Inc. has a 52 week low of $46.00 and a 52 week high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. On average, equities analysts expect that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
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A number of research analysts have issued reports on HOG shares. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. BidaskClub raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Barclays PLC reissued an “equal weight” rating and set a $52.00 price objective (down from $53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $50.00 price objective (down from $52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $54.83.
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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