Bailard Inc. Reduces Position in Harley-Davidson, Inc. (NYSE:HOG)

Bailard Inc. trimmed its position in Harley-Davidson, Inc. (NYSE:HOG) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,081 shares of the company’s stock after selling 517 shares during the quarter. Bailard Inc.’s holdings in Harley-Davidson were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after acquiring an additional 554 shares during the period. Prospera Private Wealth LLC purchased a new position in Harley-Davidson during the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new position in Harley-Davidson during the 3rd quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Harley-Davidson in the 4th quarter worth approximately $42,000. Finally, Global Retirement Partners LLC grew its position in shares of Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after buying an additional 846 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Price Performance

HOG stock opened at $24.18 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 0.38 and a beta of 1.46. The firm has a 50 day moving average price of $27.77 and a 200-day moving average price of $32.29. Harley-Davidson, Inc. has a 52-week low of $23.86 and a 52-week high of $44.16.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Equities research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.18 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.98%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Analyst Ratings Changes

HOG has been the subject of a number of recent analyst reports. DA Davidson decreased their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Bank of America decreased their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Citigroup cut their target price on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley reduced 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. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.57.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Harley-Davidson Profile

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.