Harley-Davidson, Inc. $HOG Position Increased 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 boosted its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 27.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 488,458 shares of the company's stock after acquiring an additional 105,678 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.40% of Harley-Davidson worth $12,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in shares of Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after purchasing an additional 949 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after purchasing an additional 713 shares during the last quarter. CX Institutional acquired a new position in shares of Harley-Davidson in the 1st quarter valued at $28,000. Financial Harvest LLC acquired a new position in shares of Harley-Davidson in the 1st quarter valued at $30,000. Finally, UMB Bank n.a. boosted its holdings in shares of Harley-Davidson by 153.6% in the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HOG has been the topic of several recent research reports. Robert W. Baird lifted 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. DA Davidson lifted their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a research note on Monday. UBS Group dropped their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Finally, Citigroup lifted 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. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of "Hold" and a consensus target price of $30.86.

Insider Buying and Selling

In related news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $24.06 per share, with a total value of $49,756.08. Following the purchase, the director owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.93% of the company's stock.

Harley-Davidson Stock Performance

Shares of NYSE:HOG traded down $0.33 during trading on Thursday, reaching $28.85. 1,486,659 shares of the company's stock traded hands, compared to its average volume of 2,213,807. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93. The company has a 50 day moving average of $25.07 and a 200-day moving average of $24.68. The stock has a market capitalization of $3.51 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.43 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 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $1.63 EPS. Harley-Davidson's revenue for the quarter was down 19.3% on a year-over-year basis. On average, equities 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 given a $0.18 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.72 annualized dividend and a yield of 2.5%. Harley-Davidson's dividend payout ratio is 37.31%.

About Harley-Davidson

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.