Connor Clark & Lunn Investment Management Ltd. Buys Shares of 158,446 Harley-Davidson, Inc. (NYSE:HOG)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 158,446 shares of the company's stock, valued at approximately $4,001,000. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of Harley-Davidson as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brickwood Asset Management LLP acquired a new stake in Harley-Davidson during the fourth quarter valued at $27,783,000. Raymond James Financial Inc. bought a new position in Harley-Davidson during the fourth quarter valued at about $18,802,000. Dimensional Fund Advisors LP raised its holdings in Harley-Davidson by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock valued at $205,940,000 after buying an additional 332,928 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Harley-Davidson by 61.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 630,990 shares of the company's stock valued at $19,012,000 after buying an additional 240,411 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Harley-Davidson by 20.1% during the fourth quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock valued at $32,035,000 after buying an additional 177,748 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HOG shares. Citigroup raised their target price on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Robert W. Baird lifted their price objective on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, UBS Group dropped their price objective on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Harley-Davidson has an average rating of "Hold" and an average price target of $29.83.

Harley-Davidson Price Performance

NYSE HOG traded down $0.13 during trading on Friday, reaching $27.43. 2,239,543 shares of the company traded hands, compared to its average volume of 2,713,376. 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 stock's 50 day moving average price is $24.47 and its two-hundred day moving average price is $24.59. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 0.44 and a beta of 1.29. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). The company 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 revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. As a group, analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other Harley-Davidson news, Director Rafeh Masood bought 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $24.06 per share, with a total value of $49,756.08. Following the acquisition, the director directly owned 4,705 shares of the company's stock, valued at $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.