Market Runner: Harley Davidson Inc Stock Rise in Q2 2016 Driven by Institutional Investors

November 28, 2016 - By Darrin Black   ·   0 Comments

Market Runner: Harley Davidson Inc Stock Rise in  Q2 2016 Driven by Institutional Investors

Sentiment for Harley Davidson Inc (NYSE:HOG)

Harley Davidson Inc (NYSE:HOG) institutional sentiment decreased to 0.79 in 2016 Q2. Its down -0.06, from 0.85 in 2016Q1. The ratio worsened, as 184 active investment managers started new or increased positions, while 217 decreased and sold holdings in Harley Davidson Inc. The active investment managers in our partner’s database now hold: 166.01 million shares, up from 161.66 million shares in 2016Q1. Also, the number of active investment managers holding Harley Davidson Inc in their top 10 positions decreased from 3 to 2 for a decrease of 1. Sold All: 51 Reduced: 166 Increased: 144 New Position: 40.

Harley-Davidson, Inc. is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company and Harley-Davidson Financial Services (HDFS). The company has a market cap of $10.67 billion. The Firm operates in two divisions: the Motorcycles & Related Products (Motorcycles) and the Financial Services. It has a 15.98 P/E ratio. The Motorcycles segment consists of HDMC, which designs, makes and sells at wholesale on-road l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.

The stock increased 0.35% or $0.21 on November 25, hitting $60.16. Harley-Davidson Inc (NYSE:HOG) has risen 23.84% since April 25, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

Analysts await Harley-Davidson Inc (NYSE:HOG) to report earnings on January, 26. They expect $0.32 earnings per share, up 45.45% or $0.10 from last year’s $0.22 per share. HOG’s profit will be $56.76 million for 47.00 P/E if the $0.32 EPS becomes a reality. After $0.64 actual earnings per share reported by Harley-Davidson Inc for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

According to Zacks Investment Research, “Harley-Davidson is an American motorcycle manufacturer. The company operates in two segments: Motorcycles and Related Products and Financial Services. The Motorcycles segment designs, manufactures and sells heavyweight touring, custom and performance motorcycles as well as a complete line of motorcycle parts, accessories and general merchandise. The Financial Services is engaged in the business of financing and servicing wholesale inventory receivables and consumer retail installment sales contracts (primarily motorcycles).”

Mig Capital Llc holds 6.64% of its portfolio in Harley-Davidson Inc for 673,828 shares. Impala Asset Management Llc owns 1.87 million shares or 6.11% of their US portfolio. Moreover, Cantillon Capital Management Llc has 4.33% invested in the company for 5.67 million shares. The United Kingdom-based Independent Franchise Partners Llp has invested 4.29% in the stock. Kiltearn Partners Llp, a United Kingdom-based fund reported 1.47 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 7 insider sales for $8.62 million net activity.

Harley-Davidson Inc (NYSE:HOG) Ratings Coverage

Ratings analysis reveals 15% of Harley-Davidson’s analysts are positive. Out of 20 Wall Street analysts rating Harley-Davidson, 3 give it “Buy”, 2 “Sell” rating, while 15 recommend “Hold”. The lowest target is $40 while the high is $78. The stock’s average target of $54.49 is -9.42% below today’s ($60.16) share price. HOG was included in 45 notes of analysts from July 22, 2015. The rating was initiated by Jefferies on Friday, September 30 with “Hold”. The stock of Harley-Davidson Inc (NYSE:HOG) earned “Neutral” rating by Robert W. Baird on Wednesday, July 6. The stock of Harley-Davidson Inc (NYSE:HOG) has “Underperform” rating given on Friday, July 29 by RBC Capital Markets. The stock of Harley-Davidson Inc (NYSE:HOG) has “Underperform” rating given on Monday, January 11 by Raymond James. On Monday, November 23 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm earned “Underperform” rating on Wednesday, October 19 by RBC Capital Markets. The firm has “Neutral” rating by UBS given on Thursday, September 15. Wedbush maintained it with “Neutral” rating and $40 target price in Monday, May 16 report. The stock of Harley-Davidson Inc (NYSE:HOG) earned “Hold” rating by Deutsche Bank on Wednesday, October 21. The stock has “Buy” rating given by Citigroup on Monday, August 29.

HOG Company Profile

Harley-Davidson, Inc., incorporated on March 8, 1991, is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Firm operates in two divisions: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Firm operates across the world, including the Americas, Europe/Middle East/Africa (EMEA) and Asia-Pacific.

Another recent and important Harley-Davidson Inc (NYSE:HOG) news was published by Bizjournals.com which published an article titled: “Milwaukee Harley-Davidson dealership bought by Illinois firm” on November 26, 2016.

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By Darrin Black


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