Jump Financial LLC Purchases 243,671 Shares of Harley-Davidson, Inc. $HOG

Key Points

• Jump Financial LLC significantly increased its holdings in Harley-Davidson, boosting its position by 480.6% to own 294,371 shares, valued at approximately $7.43 million.
• Several hedge funds have also raised their stakes in Harley-Davidson, with 85.10% of the stock currently owned by institutional investors.
• Despite reporting earnings of $0.88 per share, Harley-Davidson missed the consensus estimate by $0.11 and experienced a 19.3% decline in revenue year-over-year.

Jump Financial LLC boosted its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 480.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 294,371 shares of the company's stock after purchasing an additional 243,671 shares during the period. Jump Financial LLC owned about 0.24% of Harley-Davidson worth $7,433,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Donald Smith & CO. Inc. raised its stake in shares of Harley-Davidson by 104.0% during the first 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 during the last quarter. Brickwood Asset Management LLP bought a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $27,783,000. Nuveen LLC bought a new stake in shares of Harley-Davidson during the first quarter worth approximately $9,564,000. American Century Companies Inc. raised its stake in shares of Harley-Davidson by 7.7% during the first 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 worth $19,012,000 after buying an additional 240,411 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Stock Up 1.2%

Shares of Harley-Davidson stock traded up $0.34 on Friday, hitting $29.16. The company had a trading volume of 1,292,111 shares, compared to its average volume of 1,959,608. The firm has a market capitalization of $3.54 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.43 and a beta of 1.29. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $39.93. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The stock has a 50-day moving average of $25.30 and a 200-day moving average of $24.71.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The business's revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. Research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 10th. Harley-Davidson's payout ratio is currently 37.31%.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $24.06 per share, with a total value of $49,756.08. Following the completion of the transaction, the director directly owned 4,705 shares in the company, valued at $113,202.30. This trade represents a 78.42% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HOG has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Robert W. Baird boosted their price objective 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. Zacks Research upgraded shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. UBS Group decreased their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, DA Davidson boosted their price objective on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a report on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $30.86.

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.