Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,040 shares of the company’s stock after buying an additional 878 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Harley-Davidson were worth $907,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of Harley-Davidson by 95.0% during the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock worth $29,000 after acquiring an additional 384 shares in the last quarter. Principal Securities Inc. acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $38,000. Future Financial Wealth Managment LLC acquired a new stake in Harley-Davidson in the first quarter valued at approximately $39,000. Neo Ivy Capital Management purchased a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $50,000. Finally, American National Bank acquired a new position in shares of Harley-Davidson during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Down 0.5 %

HOG stock opened at $37.27 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average of $35.48 and a two-hundred day moving average of $36.78. Harley-Davidson, Inc. has a 12 month low of $25.43 and a 12 month high of $44.16. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.40 by $0.23. The firm had revenue of $1.62 billion during 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 earnings per share. As a group, analysts forecast that Harley-Davidson, Inc. will post 4.32 earnings per share for the current fiscal year.

Harley-Davidson declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 19.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on HOG shares. Citigroup reduced their price objective on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Robert W. Baird upped their price target on shares of Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, UBS Group lifted their price objective on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.29.

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.