Teacher Retirement System of Texas Decreases Stake in Harley-Davidson, Inc. (NYSE:HOG)

Teacher Retirement System of Texas cut its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 42.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,613 shares of the company’s stock after selling 21,513 shares during the quarter. Teacher Retirement System of Texas’ holdings in Harley-Davidson were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HOG. Skylands Capital LLC grew its position in shares of Harley-Davidson by 79.3% in the first quarter. Skylands Capital LLC now owns 43,200 shares of the company’s stock valued at $1,091,000 after purchasing an additional 19,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Harley-Davidson by 52.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock worth $53,000 after purchasing an additional 725 shares during the period. Lecap Asset Management Ltd. purchased a new position in Harley-Davidson during the 1st quarter valued at about $596,000. IMG Wealth Management Inc. bought a new stake in shares of Harley-Davidson during the first quarter valued at about $48,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Harley-Davidson by 35.2% in the first quarter. Oppenheimer & Co. Inc. now owns 30,983 shares of the company’s stock worth $782,000 after buying an additional 8,069 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. Robert W. Baird lifted their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 14th. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Finally, Citigroup raised their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $29.83.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $24.00 on Wednesday. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 1.56. The stock has a market cap of $2.92 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. The firm’s fifty day moving average price is $24.40 and its 200-day moving average price is $25.28.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The business had revenue of $315.24 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. The firm’s revenue was down 23.2% on a year-over-year basis. On average, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. Harley-Davidson’s dividend payout ratio is 26.87%.

Harley-Davidson 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.