Fox Run Management L.L.C. Purchases Shares of 26,102 Harley-Davidson, Inc. $HOG

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Harley-Davidson, Inc., purchasing 26,102 shares valued at approximately $659,000 in the first quarter.
• In its recent quarterly earnings, Harley-Davidson reported earnings per share of $0.88, missing estimates by $0.11, with a year-over-year revenue decrease of 19.3%.
• Harley-Davidson's stock has a consensus rating of "Hold" with a consensus target price of $29.83, reflecting mixed analyst sentiments over its recent performance.

Fox Run Management L.L.C. bought a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,102 shares of the company's stock, valued at approximately $659,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in shares of Harley-Davidson by 209.7% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 acquiring an additional 725 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Harley-Davidson by 153.6% in the first 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. Deutsche Bank AG lifted its position in shares of Harley-Davidson by 7.8% during the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock worth $346,000 after purchasing an additional 831 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Harley-Davidson by 35.6% during the first 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 institutional investors.

Insider Activity

In other news, Director Rafeh Masood acquired 2,068 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price 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 approximately $113,202.30. This represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HOG shares. Citigroup boosted their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. UBS Group dropped their target price on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Finally, Robert W. Baird raised their price target on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Harley-Davidson currently has an average rating of "Hold" and a consensus target price of $29.83.

Harley-Davidson Trading Up 5.8%

NYSE HOG traded up $1.5650 on Friday, reaching $28.6250. The company had a trading volume of 609,202 shares, compared to its average volume of 2,220,968. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93. The stock's 50 day moving average is $24.67 and its 200-day moving average is $24.62. 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 stock has a market cap of $3.48 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.44 and a beta of 1.29.

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 analyst estimates of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.Harley-Davidson's quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Equities analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson 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.