LSV Asset Management Cuts Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Key Points

• LSV Asset Management has reduced its stake in Harley-Davidson by 2.4%, selling 129,303 shares and now holding approximately 4.34% of the company's total shares.
• Harley-Davidson's reported earnings for the last quarter were $0.88 EPS, missing estimates, while revenue decreased 19.3% compared to the previous year.
• The company announced a quarterly dividend of $0.18 per share, yielding approximately 3.0%, with a payout ratio of 26.87%.

LSV Asset Management trimmed its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,369,332 shares of the company's stock after selling 129,303 shares during the period. LSV Asset Management owned 4.34% of Harley-Davidson worth $135,576,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in Harley-Davidson by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock valued at $205,940,000 after acquiring an additional 332,928 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Harley-Davidson by 4.8% in the 4th quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock worth $47,266,000 after buying an additional 71,495 shares in the last quarter. Brickwood Asset Management LLP grew its stake in shares of Harley-Davidson by 24.2% in the 1st quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock worth $28,918,000 after buying an additional 223,146 shares in the last quarter. Northern Trust Corp grew its stake in shares of 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 buying an additional 177,748 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Harley-Davidson by 12.6% in the 4th quarter. Invesco Ltd. now owns 707,030 shares of the company's stock worth $21,303,000 after buying an additional 79,374 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Price Performance

HOG remained flat at $24.24 on Wednesday. 2,017,861 shares of the company were exchanged, compared to its average volume of 2,247,397. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93. The firm has a 50 day moving average price of $24.27 and a two-hundred day moving average price of $24.74. The firm has a market capitalization of $2.94 billion, a P/E ratio of 12.56, a P/E/G ratio of 0.40 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 (NYSE:HOG - Get Free Report) last posted 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). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The company's revenue for the quarter was down 19.3% compared to the same quarter last year. On average, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.0%. Harley-Davidson's payout ratio is presently 37.31%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. UBS Group dropped their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Finally, Citigroup raised their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $29.83.

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.