Harley-Davidson, Inc. $HOG Shares Bought by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Harley-Davidson, Inc. by 27.6%, acquiring an additional 105,678 shares, totaling 488,458 shares valued at approximately $12.33 million.
• Harley-Davidson's stock has experienced a recent increase of 5.9%, closing at $28.66 with a market cap of $3.48 billion, and has seen a significant downward trend in earnings year-over-year, reporting $0.88 EPS compared to the prior year's $1.63 EPS.
• Research analysts have given Harley-Davidson a consensus rating of "Hold" with an average price target of $29.83, indicating a cautious outlook amidst varying price target adjustments from different firms.

Hotchkis & Wiley Capital Management LLC lifted its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 27.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 488,458 shares of the company's stock after buying an additional 105,678 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.40% of Harley-Davidson worth $12,334,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brickwood Asset Management LLP purchased a new stake in shares of Harley-Davidson in the fourth quarter worth about $27,783,000. Aquatic Capital Management LLC raised its holdings in Harley-Davidson by 186.6% in the 4th quarter. Aquatic Capital Management LLC now owns 144,458 shares of the company's stock worth $4,353,000 after purchasing an additional 94,058 shares during the period. Praxis Investment Management Inc. acquired a new position in Harley-Davidson in the 1st quarter worth about $291,000. Northern Trust Corp raised its holdings in Harley-Davidson by 20.1% in the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock worth $32,035,000 after purchasing an additional 177,748 shares during the period. Finally, Skylands Capital LLC raised its holdings in Harley-Davidson by 79.3% in the 1st quarter. Skylands Capital LLC now owns 43,200 shares of the company's stock worth $1,091,000 after purchasing an additional 19,100 shares during the period. Hedge funds and other institutional investors own 85.10% of the company's stock.

Harley-Davidson Price Performance

HOG stock traded up $0.13 during mid-day trading on Friday, reaching $28.95. The company's stock had a trading volume of 332,876 shares, compared to its average volume of 2,202,295. The stock has a market cap of $3.52 billion, a PE ratio of 15.02, a P/E/G ratio of 0.43 and a beta of 1.29. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The company's 50 day moving average is $25.18 and its two-hundred day moving average is $24.70.

Harley-Davidson (NYSE:HOG - Get Free Report) last released 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 analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 EPS. Equities research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HOG. UBS Group reduced their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Citigroup upped their price target on Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Robert W. Baird upped their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Zacks Research raised Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday. Finally, Griffin Securities set a $34.00 price target on Harley-Davidson in a report on Monday. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.86.

Insiders Place Their Bets

In other news, Director Rafeh Masood bought 2,068 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were bought at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the acquisition, the director directly owned 4,705 shares of the company's stock, valued at $113,202.30. This trade represents a 78.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.93% of the stock is owned by insiders.

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.