J. Goldman & Co LP Makes New Investment in Harley-Davidson, Inc. (NYSE:HOG)

J. Goldman & Co LP acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,251 shares of the company's stock, valued at approximately $791,000.

Several other hedge funds have also recently bought and sold shares of the company. Donald Smith & CO. Inc. bought a new stake in shares of Harley-Davidson during the 4th quarter worth about $50,368,000. Pacer Advisors Inc. raised its position in shares of Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company's stock worth $164,754,000 after buying an additional 1,285,225 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Harley-Davidson during the 4th quarter worth about $18,802,000. American Century Companies Inc. raised its position in shares of Harley-Davidson by 14.2% during the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock worth $105,352,000 after buying an additional 435,200 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Harley-Davidson during the 4th quarter worth about $11,010,000. 85.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is owned by corporate insiders.

Harley-Davidson Price Performance

NYSE HOG traded down $0.06 on Wednesday, reaching $24.94. The company's stock had a trading volume of 1,186,622 shares, compared to its average volume of 1,894,023. The firm has a market cap of $3.03 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30. The business has a 50-day moving average price of $23.84 and a 200 day moving average price of $27.78. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. The firm had revenue of $315.24 million for the quarter, compared to analysts' expectations of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company's quarterly revenue was down 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. Sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.89%. Harley-Davidson's dividend payout ratio (DPR) is presently 26.87%.

Analyst Ratings Changes

A number of research firms have commented on HOG. Morgan Stanley dropped their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their target price on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. DA Davidson reaffirmed a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Bank of America cut their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, UBS Group cut their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.17.

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.