Banco Bilbao Vizcaya Argentaria S.A. Increases Stock Position in Harley-Davidson, Inc. $HOG

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. increased its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 87.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,574 shares of the company's stock after acquiring an additional 20,288 shares during the quarter. 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 have also bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after purchasing an additional 949 shares during the period. Assetmark Inc. boosted its stake in Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after buying an additional 713 shares during the period. CX Institutional purchased a new position in Harley-Davidson during the first quarter worth about $28,000. Financial Harvest LLC bought a new position in Harley-Davidson in the 1st quarter worth about $30,000. Finally, UMB Bank n.a. increased its stake in Harley-Davidson by 153.6% in the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock worth $33,000 after acquiring an additional 791 shares during the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Trading Up 1.7%

NYSE:HOG traded up $0.50 during trading hours on Wednesday, reaching $29.22. The company's stock had a trading volume of 1,036,686 shares, compared to its average volume of 2,214,092. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.46 and a beta of 1.29. The firm has a 50-day simple moving average of $24.96 and a 200-day simple moving average of $24.65. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93.

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

Insiders Place Their Bets

In related news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director directly owned 4,705 shares in the company, valued at $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HOG has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. UBS Group cut their price target 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. Citigroup raised their price objective 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. Zacks Research upgraded shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, DA Davidson raised their price target on Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $30.86.

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.