Harley-Davidson, Inc. $HOG Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Harley-Davidson by 87.1%, acquiring an additional 20,288 shares, bringing its total holdings to 43,574 shares valued at $1,089,000.
• Harley-Davidson's recent earnings report showed a miss on earnings per share at $0.88, compared to consensus estimates of $0.99, while its revenue for the quarter was $1.31 billion, exceeding expectations.
• Analysts have set varying price targets for Harley-Davidson, with an average target price of $29.83 and a consensus rating of "Hold" from a mix of ratings including one Strong Buy and five Hold ratings.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 87.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 43,574 shares of the company's stock after purchasing an additional 20,288 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Harley-Davidson were worth $1,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after purchasing an additional 713 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 valued at $53,000 after purchasing an additional 725 shares in the last quarter. UMB Bank n.a. lifted its holdings in Harley-Davidson by 153.6% in the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares in the last quarter. Deutsche Bank AG lifted its holdings in Harley-Davidson by 7.8% in the 4th quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock valued at $346,000 after purchasing an additional 831 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Harley-Davidson by 35.6% in the 1st quarter. Parallel Advisors LLC now owns 3,578 shares of the company's stock valued at $90,000 after purchasing an additional 939 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a research report on Monday. DA Davidson boosted their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Monday. Citigroup boosted their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $30.86.

Harley-Davidson Trading Down 1.5%

Shares of NYSE:HOG traded down $0.43 during midday trading on Thursday, reaching $28.74. 466,438 shares of the company's stock were exchanged, compared to its average volume of 2,207,340. The firm's 50 day simple moving average is $25.07 and its two-hundred day simple moving average is $24.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 0.43 and a beta of 1.29. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The firm's revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 earnings per share. As a group, sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 10th. Harley-Davidson's dividend payout ratio (DPR) is presently 37.31%.

Insider Activity

In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of $24.06 per share, with a total value of $49,756.08. Following the transaction, the director owned 4,705 shares of the company's stock, valued at $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.93% of the company's stock.

About Harley-Davidson

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.