Hsbc Holdings PLC Buys 21,931 Shares of Harley-Davidson, Inc. $HOG

Hsbc Holdings PLC increased its stake in Harley-Davidson, Inc. (NYSE:HOG) by 96.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,665 shares of the company’s stock after buying an additional 21,931 shares during the period. Hsbc Holdings PLC’s holdings in Harley-Davidson were worth $920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Harley-Davidson during the 4th quarter worth approximately $25,766,000. SG Americas Securities LLC lifted its stake in shares of Harley-Davidson by 1,277.0% in the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after purchasing an additional 1,014,660 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Harley-Davidson by 25.1% during the third quarter. JPMorgan Chase & Co. now owns 438,568 shares of the company’s stock valued at $12,236,000 after purchasing an additional 88,100 shares in the last quarter. Money Concepts Capital Corp bought a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $1,317,000. Finally, Donald Smith & CO. Inc. grew its stake in Harley-Davidson by 30.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock worth $182,345,000 after purchasing an additional 2,095,477 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HOG has been the subject of several recent research reports. Citigroup raised their price objective on Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Sunday. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Griffin Securities set a $30.00 price target on shares of Harley-Davidson in a research note on Monday, July 6th. Wells Fargo & Company increased their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.44.

Harley-Davidson Stock Up 1.0%

HOG stock opened at $25.40 on Tuesday. The business has a 50 day moving average of $24.85 and a 200 day moving average of $21.99. The firm has a market cap of $2.67 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 14.98 and a beta of 1.26. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $1.07 earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year. On average, research analysts forecast that Harley-Davidson, Inc. will post 0.4 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s payout ratio is currently 42.61%.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total transaction of $37,979.76. Following the completion of the sale, the chief financial officer directly owned 29,400 shares in the company, valued at approximately $718,536. This trade represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of Harley-Davidson stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the transaction, the insider directly owned 30,012 shares of the company’s stock, valued at $780,312. This trade represents a 4.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 4,672 shares of company stock worth $116,266. 0.97% of the stock is currently owned by company insiders.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.