Interval Partners LP Decreases Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Interval Partners LP cut its stake in Harley-Davidson, Inc. (NYSE:HOG) by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,615 shares of the company’s stock after selling 47,087 shares during the period. Interval Partners LP owned about 0.15% of Harley-Davidson worth $6,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in Harley-Davidson by 95.0% in the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares during the period. Principal Securities Inc. acquired a new stake in Harley-Davidson in the fourth quarter valued at $38,000. Future Financial Wealth Managment LLC acquired a new stake in Harley-Davidson in the first quarter valued at $39,000. Neo Ivy Capital Management acquired a new stake in Harley-Davidson in the fourth quarter valued at $50,000. Finally, American National Bank acquired a new stake in Harley-Davidson in the first quarter valued at $52,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on HOG. Citigroup raised their price target on Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Robert W. Baird raised their price target on Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, UBS Group lifted their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.00.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $38.69 on Tuesday. The stock has a market capitalization of $5.20 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. Harley-Davidson, Inc. has a 52-week low of $25.43 and a 52-week high of $44.16. The stock’s 50-day moving average price is $36.72 and its 200 day moving average price is $36.78. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.23. The firm 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 firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS. As a group, equities research analysts forecast that Harley-Davidson, Inc. will post 4.32 EPS for the current year.

Harley-Davidson announced that its Board of Directors has authorized a share buyback plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 19.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 1.78%. The ex-dividend date is Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.33%.

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.