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Major corporations and mutual funds dropping Harley-Davidson and selling off stock Is this the beginning of the end for harley-davidson

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Posted by Rob Hiaasen

Cambridge Investment Research Advisors Inc. reduced its stake in Harley-Davidson Inc (NYSE:HOG) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,041 shares of the company’s stock after selling 504 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Harley-Davidson were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Beutel Goodman & Co Ltd. boosted its stake in shares of Harley-Davidson by 9.6% in the second quarter. Beutel Goodman & Co Ltd. now owns 4,314,468 shares of the company’s stock valued at $118,043,000 after buying an additional 377,330 shares during the period. River & Mercantile Asset Management LLP bought a new stake in shares of Harley-Davidson in the second quarter valued at approximately $1,145,000. Doyle Wealth Management bought a new stake in shares of Harley-Davidson in the second quarter valued at approximately $36,000. Foyston Gordon & Payne Inc boosted its stake in shares of Harley-Davidson by 10.2% in the second quarter. Foyston Gordon & Payne Inc now owns 64,911 shares of the company’s stock valued at $2,326,000 after buying an additional 6,031 shares during the period. Finally, Schroder Investment Management Group bought a new stake in shares of Harley-Davidson in the second quarter valued at approximately $1,259,000. Institutional investors and hedge funds own 93.49% of the company’s stock

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Several equities research analysts recently issued reports on HOG shares. Morgan Stanley cut their price target on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, September 27th. ValuEngine cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Finally, KeyCorp restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Harley-Davidson currently has an average rating of “Hold” and an average price target of $39.43.

NYSE HOG opened at $39.33 on Friday. The business has a fifty day moving average price of $36.37 and a two-hundred day moving average price of $35.35. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.11 and a quick ratio of 0.97. Harley-Davidson Inc has a fifty-two week low of $30.17 and a fifty-two week high of $43.69. The stock has a market capitalization of $6.10 billion, a PE ratio of 11.76, a PEG ratio of 1.44 and a beta of 1.20.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Harley-Davidson had a net margin of 7.55% and a return on equity of 28.84%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. As a group, sell-side analysts expect that Harley-Davidson Inc will post 3.38 earnings per share for the current year.

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In other news, insider Lawrence G. Hund sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $40.22, for a total transaction of $321,760.00. Following the completion of the transaction, the insider now directly owns 10,593 shares in the company, valued at $426,050.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

About Harley-Davidson

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.

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7 comments

  1. Well i must say i own two harley davidsons and i know how much i have in……if they hadnt got greedy and set up all their long time distributor/service shops and told them they had to have new buildings…be by a major hyway…sell really expencive cloths.. alot more people would be dedicated to them… not sure what size britches ceo waers but i think they are a little too big for him

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  2. I love my Harley even thinking about buying another one but won’t buy a new one dint like the path there taking harly y don’t u stick to your roots and start making quety affordable American made motorcycles again and get rig if there stupid ideas y’all had

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  3. Get back to being a bike prices are to high it’s your own fault maybe if a person could afford to but 1 it might help

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  4. I think harleys biggest mistake was taking the build a bike option down. Having choices interests people because it allows you to go in and either deck your bike out or get cheap and barebones.

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  5. Independent owned Harley-Davidson dealership’s instead of this corporate owned Bull-shit franchise cluster Phufk clones.

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