Interval Partners LP Buys 138,702 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Interval Partners LP boosted its position in Harley-Davidson, Inc. (NYSE:HOG) by 132.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 243,702 shares of the company’s stock after acquiring an additional 138,702 shares during the quarter. Interval Partners LP’s holdings in Harley-Davidson were worth $10,660,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HOG. Vanguard Group Inc. increased its holdings in shares of Harley-Davidson by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after acquiring an additional 452,536 shares in the last quarter. Boston Partners raised its holdings in Harley-Davidson by 10.1% during the fourth quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after buying an additional 659,654 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Harley-Davidson by 15.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after buying an additional 689,363 shares during the last quarter. LSV Asset Management lifted its stake in shares of Harley-Davidson by 0.7% in the first quarter. LSV Asset Management now owns 4,863,368 shares of the company’s stock valued at $212,724,000 after buying an additional 33,667 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Harley-Davidson during the fourth quarter valued at about $51,860,000. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Stock Performance

Harley-Davidson stock traded up $0.58 during mid-day trading on Tuesday, reaching $38.38. 2,109,006 shares of the company’s stock were exchanged, compared to its average volume of 1,744,667. The firm has a market capitalization of $5.16 billion, a PE ratio of 8.53, a P/E/G ratio of 1.16 and a beta of 1.46. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. The business’s fifty day simple moving average is $34.35 and its 200 day simple moving average is $36.43. Harley-Davidson, Inc. has a one year low of $25.43 and a one year high of $44.16.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 25th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 EPS. On average, sell-side analysts expect that Harley-Davidson, Inc. will post 4.33 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Wednesday, June 5th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Wednesday, June 5th. Harley-Davidson’s payout ratio is 15.33%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HOG. DA Davidson raised their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley initiated coverage on Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price on the stock. Robert W. Baird upped their price target on Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup dropped their price objective on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Finally, BMO Capital Markets cut their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Harley-Davidson has an average rating of “Moderate Buy” and a consensus price target of $45.14.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.