Wellington Management Group LLP Takes $315,000 Position in Harley-Davidson Inc (NYSE:HOG)

Wellington Management Group LLP bought a new stake in shares of Harley-Davidson Inc (NYSE:HOG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,629 shares of the company’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Harley-Davidson by 1.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 43,855 shares of the company’s stock valued at $831,000 after purchasing an additional 600 shares during the last quarter. River & Mercantile Asset Management LLP lifted its holdings in shares of Harley-Davidson by 16.8% during the first quarter. River & Mercantile Asset Management LLP now owns 216,737 shares of the company’s stock valued at $4,102,000 after purchasing an additional 31,144 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Harley-Davidson by 42.5% during the first quarter. Deutsche Bank AG now owns 324,845 shares of the company’s stock valued at $6,150,000 after purchasing an additional 96,885 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Harley-Davidson by 11.8% during the first quarter. Baird Financial Group Inc. now owns 776,000 shares of the company’s stock valued at $14,690,000 after purchasing an additional 81,951 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Harley-Davidson by 0.3% during the first quarter. Alliancebernstein L.P. now owns 253,986 shares of the company’s stock valued at $4,808,000 after purchasing an additional 865 shares during the last quarter. 92.58% of the stock is owned by institutional investors and hedge funds.

Shares of HOG stock opened at $23.84 on Wednesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.09 and a quick ratio of 0.95. Harley-Davidson Inc has a fifty-two week low of $14.31 and a fifty-two week high of $40.89. The stock’s 50-day moving average is $23.53 and its two-hundred day moving average is $27.36. The firm has a market cap of $3.60 billion, a P/E ratio of 10.28, a PEG ratio of 3.09 and a beta of 1.40.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 28th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. Harley-Davidson had a return on equity of 24.99% and a net margin of 6.93%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.80 EPS. The business’s revenue was down 8.0% compared to the same quarter last year. As a group, research analysts expect that Harley-Davidson Inc will post 1.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, May 21st. Harley-Davidson’s dividend payout ratio is 2.38%.

Several equities research analysts have recently commented on HOG shares. BMO Capital Markets upped their target price on Harley-Davidson from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Wolfe Research raised Harley-Davidson from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Thursday, June 25th. Morgan Stanley increased their price objective on Harley-Davidson from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Royal Bank of Canada reissued an “underperform” rating and issued a $17.00 price objective (down from $36.00) on shares of Harley-Davidson in a research note on Monday, March 16th. Finally, William Blair reissued a “hold” rating on shares of Harley-Davidson in a research note on Thursday, April 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.08.

In related news, Chairman Jochen Zeitz acquired 97,850 shares of the stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $21.26 per share, with a total value of $2,080,291.00. Following the acquisition, the chairman now owns 97,850 shares in the company, valued at approximately $2,080,291. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.86% of the company’s stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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