Harley-Davidson, Inc. $HOG Holdings Raised by Jump Financial LLC

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 increased its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 480.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,371 shares of the company's stock after acquiring an additional 243,671 shares during the period. Jump Financial LLC owned approximately 0.24% of Harley-Davidson worth $7,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HOG. Donald Smith & CO. Inc. boosted its holdings in shares of Harley-Davidson by 104.0% in the first quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company's stock valued at $86,095,000 after acquiring an additional 1,738,017 shares in the last quarter. Brickwood Asset Management LLP bought a new position in shares of Harley-Davidson in the fourth quarter valued at approximately $27,783,000. Nuveen LLC bought a new position in shares of Harley-Davidson in the first quarter valued at approximately $9,564,000. American Century Companies Inc. lifted its stake in Harley-Davidson by 7.7% during the first quarter. American Century Companies Inc. now owns 3,766,421 shares of the company's stock valued at $95,102,000 after purchasing an additional 269,842 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 purchasing an additional 240,411 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Insider Transactions at Harley-Davidson

In related news, Director Rafeh Masood bought 2,068 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was bought 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 $113,202.30. This represents a 78.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is currently owned by insiders.

Harley-Davidson Trading Down 1.1%

Shares of NYSE:HOG traded down $0.33 during mid-day trading on Thursday, hitting $28.85. The stock had a trading volume of 1,486,702 shares, compared to its average volume of 2,213,812. 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 company has a market cap of $3.51 billion, a PE ratio of 14.95, a P/E/G ratio of 0.43 and a beta of 1.29. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The company's 50 day moving average is $25.07 and its 200-day moving average is $24.68.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations 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 was down 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. On average, sell-side analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

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

Analysts Set New Price Targets

HOG has been the subject of several recent research reports. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday. 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 research note on Wednesday, May 14th. Citigroup increased their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. DA Davidson increased their target price on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Monday. Finally, Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $30.86.

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.