Man Group plc Sells 52,857 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Man Group plc cut its stake in Harley-Davidson, Inc. (NYSE:HOG) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,068 shares of the company’s stock after selling 52,857 shares during the period. Man Group plc’s holdings in Harley-Davidson were worth $6,570,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HOG. Venturi Wealth Management LLC increased its holdings in Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after purchasing an additional 554 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Harley-Davidson in the 4th quarter worth $42,000. Global Retirement Partners LLC lifted its holdings in Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after acquiring an additional 846 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Harley-Davidson by 201.8% during the fourth 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 in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Robert W. Baird lifted their target price on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Bank of America lowered their target price 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. DA Davidson reissued a “buy” rating and set a $31.00 price target on shares of Harley-Davidson in a research report on Wednesday, April 9th. Morgan Stanley lowered their price target on 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, Citigroup decreased their target price 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. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.17.

Harley-Davidson Stock Up 2.6%

NYSE HOG opened at $26.00 on Wednesday. The business has a fifty day moving average price of $23.82 and a two-hundred day moving average price of $27.54. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The stock has a market capitalization of $3.16 billion, a PE ratio of 7.81, a PEG ratio of 0.38 and a beta of 1.30.

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

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be issued a $0.18 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.77%. Harley-Davidson’s payout ratio is 26.87%.

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.