CoreCap Advisors LLC Boosts Holdings in Harley-Davidson, Inc. (NYSE:HOG)

CoreCap Advisors LLC lifted its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 22.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,896 shares of the company’s stock after acquiring an additional 3,289 shares during the quarter. CoreCap Advisors LLC’s holdings in Harley-Davidson were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Venturi Wealth Management LLC increased its stake in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares during the period. Bessemer Group Inc. increased its stake in shares of Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after buying an additional 916 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Harley-Davidson during the 4th quarter valued at $42,000. Global Retirement Partners LLC raised its holdings in Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after buying an additional 846 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Harley-Davidson by 201.8% in the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company’s stock worth $57,000 after acquiring an additional 1,263 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HOG shares. Robert W. Baird lowered their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Morgan Stanley lowered their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Bank of America cut their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Citigroup decreased their target price on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Harley-Davidson in a research note on Wednesday, April 9th. Six equities research 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 stock. According to MarketBeat.com, Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $29.83.

Harley-Davidson Trading Up 1.0 %

HOG opened at $23.63 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93. The stock has a market cap of $2.92 billion, a PE ratio of 7.10, a PEG ratio of 0.38 and a beta of 1.30. The business has a 50 day moving average of $23.88 and a 200-day moving average of $27.89.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.80 by $0.27. The business had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The company’s revenue for the quarter was down 23.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is 26.87%.

Insider Buying and Selling at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.93% of the company’s stock.

Harley-Davidson Company 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.