26,102 Shares in Harley-Davidson, Inc. $HOG Purchased by Fox Run Management L.L.C.

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 position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 26,102 shares of the company's stock, valued at approximately $659,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. CCM Investment Group LLC purchased a new stake in shares of Harley-Davidson during the 1st quarter valued at $282,000. Nuveen LLC purchased a new stake in shares of Harley-Davidson during the 1st quarter valued at $9,564,000. Donald Smith & CO. Inc. raised its position in shares of Harley-Davidson by 104.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company's stock valued at $86,095,000 after buying an additional 1,738,017 shares in the last quarter. Invesco Ltd. raised its position in shares of Harley-Davidson by 7.2% during the 1st quarter. Invesco Ltd. now owns 757,747 shares of the company's stock valued at $19,133,000 after buying an additional 50,717 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Harley-Davidson by 32.5% during the 1st quarter. Covestor Ltd now owns 5,514 shares of the company's stock valued at $139,000 after buying an additional 1,351 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Insider Buying and Selling at Harley-Davidson

In related news, Director Rafeh Masood bought 2,068 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of $24.06 per share, with a total value of $49,756.08. Following the purchase, the director owned 4,705 shares of the company's stock, valued at approximately $113,202.30. This trade represents a 78.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.93% of the company's stock.

Harley-Davidson Trading Up 1.2%

Shares of HOG traded up $0.3330 during trading hours on Tuesday, reaching $28.0130. 1,782,640 shares of the company traded hands, compared to its average volume of 2,806,443. The company's fifty day moving average price is $24.58 and its two-hundred day moving average price is $24.60. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.29. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its earnings results 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 the consensus estimate of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The company's revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HOG has been the topic of several research reports. 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. UBS Group reduced their target price on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Finally, Robert W. Baird increased their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.83.

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.