Dimensional Fund Advisors LP Sells 198,787 Shares of Harley-Davidson, Inc. $HOG

Key Points

• Dimensional Fund Advisors LP reduced its stake in Harley-Davidson by 2.9%, holding approximately 5.46% of the company with a value of $167.57 million as of the latest SEC filing.
• Harley-Davidson's quarterly earnings report showed an EPS of $0.88, which missed analysts' expectations, while revenue of $1.31 billion exceeded estimates but represented a 19.3% year-over-year decline.
• 85.10% of Harley-Davidson's stock is currently owned by institutional investors and hedge funds, indicating significant institutional interest in the company.

Dimensional Fund Advisors LP cut its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,636,352 shares of the company's stock after selling 198,787 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.46% of Harley-Davidson worth $167,565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assetmark Inc. grew its position in shares of Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company's stock worth $27,000 after buying an additional 713 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 worth $53,000 after buying an additional 725 shares during the period. UMB Bank n.a. grew its position in shares of 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 buying an additional 791 shares during the period. Deutsche Bank AG grew its position in shares of Harley-Davidson by 7.8% in the 4th quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock worth $346,000 after buying an additional 831 shares during the period. Finally, Parallel Advisors LLC grew its position in Harley-Davidson by 35.6% during 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 during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of the stock in a transaction dated 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 purchase, the director directly owned 4,705 shares of the company's stock, valued at approximately $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.93% of the company's stock.

Harley-Davidson Stock Performance

HOG traded up $1.60 during midday trading on Friday, hitting $28.66. 1,903,470 shares of the company traded hands, compared to its average volume of 2,752,930. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $3.48 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.46 and a beta of 1.29. The company's 50-day moving average is $24.76 and its 200 day moving average is $24.62. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. Harley-Davidson's revenue was down 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 EPS. On average, research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HOG. Robert W. Baird increased their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. UBS Group cut their price objective 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. Finally, Citigroup increased 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $29.83.

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.