Hsbc Holdings PLC Buys 71,258 Shares of Harley-Davidson, Inc. $HOG

Key Points

• Hsbc Holdings PLC increased its holdings in Harley-Davidson by 1,021.2%, owning 78,236 shares valued at approximately $1.97 million as of their latest SEC filing.
• Harley-Davidson reported a quarterly earnings of $0.88 per share, missing consensus estimates by $0.11, with revenues of $1.31 billion, surpassing expectations.
• The company announced a quarterly dividend of $0.18 per share, equating to an annualized dividend yield of 2.5%.

Hsbc Holdings PLC lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 1,021.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,236 shares of the company's stock after purchasing an additional 71,258 shares during the period. Hsbc Holdings PLC owned 0.06% of Harley-Davidson worth $1,970,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HOG. Price T Rowe Associates Inc. MD increased its stake in shares of Harley-Davidson by 7.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 76,150 shares of the company's stock worth $2,295,000 after purchasing an additional 5,178 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Harley-Davidson by 21.0% during the 4th quarter. Voya Investment Management LLC now owns 56,818 shares of the company's stock worth $1,712,000 after purchasing an additional 9,854 shares during the last quarter. Northern Trust Corp increased its stake in shares of Harley-Davidson by 20.1% during 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 last quarter. Talon Private Wealth LLC purchased a new position in Harley-Davidson in the 4th quarter valued at approximately $231,000. Finally, Ameriprise Financial Inc. raised its holdings in Harley-Davidson by 1.0% during the 4th quarter. Ameriprise Financial Inc. now owns 201,105 shares of the company's stock valued at $6,059,000 after acquiring an additional 1,974 shares during the period. Hedge funds and other institutional investors own 85.10% of the company's stock.

Insider Activity at Harley-Davidson

In other news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director directly owned 4,705 shares of the company's stock, valued at approximately $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.93% of the stock is owned by company insiders.

Harley-Davidson Price Performance

Shares of HOG traded up $0.17 during mid-day trading on Tuesday, reaching $29.29. 1,484,933 shares of the stock traded hands, compared to its average volume of 1,786,071. The firm has a fifty day moving average price of $25.53 and a 200 day moving average price of $24.76. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.41 and a beta of 1.31. 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 1 year low of $20.45 and a 1 year high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). The firm had revenue of $1.31 billion for 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 for the quarter was down 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. As a group, equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup boosted their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Robert W. Baird boosted 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 boosted their target price 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. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Finally, Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.86.

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.