Schonfeld Strategic Advisors LLC Has $709,000 Stake in Harley-Davidson, Inc. (NYSE:HOG)

Schonfeld Strategic Advisors LLC lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 40.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,541 shares of the company’s stock after selling 15,701 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Harley-Davidson were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after buying an additional 554 shares in the last quarter. Bessemer Group Inc. grew 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 valued at $39,000 after acquiring an additional 916 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Harley-Davidson during the fourth quarter worth about $42,000. Global Retirement Partners LLC raised its stake in 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 purchasing an additional 846 shares in the last quarter. Finally, National Bank of Canada FI boosted 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 valued at $57,000 after purchasing an additional 1,263 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. Morgan Stanley dropped their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Citigroup decreased their price target on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Bank of America dropped their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Robert W. Baird reduced their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned 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.

Harley-Davidson Stock Performance

Harley-Davidson stock 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. The stock has a market cap of $2.92 billion, a PE ratio of 7.10, a P/E/G ratio of 0.38 and a beta of 1.30. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The business’s 50-day moving average price is $23.88 and its two-hundred day moving average price is $27.93.

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

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 3.05%. Harley-Davidson’s dividend payout ratio is 26.87%.

Insider Activity

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is owned by corporate insiders.

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.