Callan Family Office LLC Invests $312,000 in Harley-Davidson, Inc. $HOG

Key Points

• Callan Family Office LLC has invested $312,000 in Harley-Davidson, acquiring 13,207 shares as reported in a recent SEC filing.
• Harley-Davidson's stock recently opened at $26.85 and has a market capitalization of $3.26 billion, with a P/E ratio of 13.91.
• The company missed quarterly earnings expectations with a reported $0.88 EPS, down from $1.63 in the previous year, despite revenues of $1.31 billion exceeding analyst estimates.

Callan Family Office LLC acquired a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,207 shares of the company's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Harley-Davidson by 7.7% in the 1st quarter. American Century Companies Inc. now owns 3,766,421 shares of the company's stock worth $95,102,000 after buying an additional 269,842 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Harley-Davidson by 104.0% in the 1st quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company's stock worth $86,095,000 after buying an additional 1,738,017 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Harley-Davidson in the 1st quarter worth $33,884,000. Brickwood Asset Management LLP raised its stake in shares of Harley-Davidson by 24.2% in the 1st quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock worth $28,918,000 after buying an additional 223,146 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Harley-Davidson by 7.2% in the 1st quarter. Invesco Ltd. now owns 757,747 shares of the company's stock worth $19,133,000 after buying an additional 50,717 shares in the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Down 0.5%

NYSE:HOG opened at $26.85 on Thursday. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.38 and a beta of 1.27. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $36.94. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. The business's fifty day moving average price is $28.21 and its 200 day moving average price is $25.40.

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 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 analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm's quarterly revenue was down 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. On average, sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 10th. Harley-Davidson's payout ratio is presently 37.31%.

Insider Buying and Selling

In other news, Director Rafeh Masood bought 2,068 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the purchase, the director directly owned 4,705 shares of the company's stock, valued at $113,202.30. This trade represents a 78.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HOG. Zacks Research raised Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Weiss Ratings raised Harley-Davidson from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 8th. UBS Group boosted their target price on Harley-Davidson from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, October 2nd. Griffin Securities set a $34.00 target price on Harley-Davidson in a research report on Monday, August 25th. Finally, DA Davidson boosted their target price on Harley-Davidson from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.00.

Harley-Davidson Company 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.

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