Bailard Inc. Has $545,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Bailard Inc. reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 and Exchange Commission.

A number of other large investors also recently made changes to their positions in HOG. Private Advisor Group LLC bought a new position in Harley-Davidson in the third quarter valued at approximately $294,000. Verity Asset Management Inc. boosted its holdings in shares of Harley-Davidson by 28.3% in the 3rd quarter. Verity Asset Management Inc. now owns 8,396 shares of the company’s stock valued at $323,000 after buying an additional 1,851 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in Harley-Davidson in the third quarter valued at $211,000. Covestor Ltd grew its holdings in Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after purchasing an additional 448 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Harley-Davidson by 2.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 74,160 shares of the company’s stock worth $2,857,000 after acquiring an additional 1,900 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were 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. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

Harley-Davidson Trading Down 3.0 %

Shares of Harley-Davidson stock opened at $24.18 on Wednesday. The company has a 50 day simple moving average of $27.77 and a two-hundred day simple moving average of $32.29. The firm has a market cap of $3.01 billion, a PE ratio of 7.26, a PEG ratio of 0.38 and a beta of 1.46. Harley-Davidson, Inc. has a 1 year low of $23.86 and a 1 year high of $44.16. 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 (NYSE:HOG) last announced 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 business earned $0.18 earnings per share. Analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.98%. Harley-Davidson’s dividend payout ratio is 21.62%.

Wall Street Analyst Weigh In

HOG has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Citigroup cut their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Bank of America decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. UBS Group lowered their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, DA Davidson dropped their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Harley-Davidson currently has a consensus rating of “Hold” and a consensus price target of $33.57.

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.