Invesco Ltd. Acquires 50,717 Shares of Harley-Davidson, Inc. $HOG

Key Points

• Invesco Ltd. increased its stake in Harley-Davidson by 7.2% in Q1, owning approximately 0.62% of the company, valued at $19.13 million.
• Recent analyst ratings give Harley-Davidson a consensus rating of "Hold" with price targets ranging from $24.00 to $29.83.
• Harley-Davidson reported missing earnings estimates with $0.88 EPS compared to the consensus of $0.99, alongside a revenue decline of 19.3% year-over-year.

Invesco Ltd. raised its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 7.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 757,747 shares of the company's stock after purchasing an additional 50,717 shares during the period. Invesco Ltd. owned 0.62% of Harley-Davidson worth $19,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Harley-Davidson by 3,514.8% during the first quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after purchasing an additional 949 shares in the last quarter. Assetmark Inc. increased its stake in shares of Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after purchasing an additional 713 shares in the last quarter. CX Institutional bought a new position in shares of Harley-Davidson during the first quarter valued at approximately $28,000. Financial Harvest LLC bought a new position in shares of Harley-Davidson during the first quarter valued at approximately $30,000. Finally, UMB Bank n.a. grew its holdings in shares of Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after buying an additional 791 shares during the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Performance

HOG stock traded up $0.48 on Wednesday, hitting $29.20. The company had a trading volume of 1,617,133 shares, compared to its average volume of 2,646,302. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. The stock's 50-day simple moving average is $25.07 and its 200 day simple moving average is $24.68. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 0.43 and a beta of 1.29.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (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 company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The company's revenue for the quarter was down 19.3% compared to the same quarter last year. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently declared 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. This represents a $0.72 annualized dividend and a yield of 2.5%. Harley-Davidson's payout ratio is presently 37.31%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have recently commented on HOG. UBS Group cut their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Citigroup increased their price target 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. DA Davidson increased their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a report on Monday. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a report on Monday. Finally, Robert W. Baird increased their price target 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. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.