Yousif Capital Management LLC Reduces Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Yousif Capital Management LLC reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,235 shares of the company’s stock after selling 1,212 shares during the period. Yousif Capital Management LLC’s holdings in Harley-Davidson were worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HOG. Venturi Wealth Management LLC raised its holdings in Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after buying an additional 554 shares during the period. Versant Capital Management Inc raised its holdings in Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock valued at $25,000 after acquiring an additional 949 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Harley-Davidson by 237.9% during the fourth 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 period. UMB Bank n.a. raised its holdings in shares of Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after purchasing an additional 791 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of 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 during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on HOG. DA Davidson reissued a “buy” rating and issued a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Citigroup upped their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday. Robert W. Baird increased their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. Finally, UBS Group dropped their price objective on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

Harley-Davidson Trading Down 0.3%

Shares of Harley-Davidson stock opened at $23.37 on Thursday. The firm has a 50-day moving average of $23.82 and a 200-day moving average of $26.34. The stock has a market cap of $2.84 billion, a PE ratio of 8.72, a PEG ratio of 0.47 and a beta of 1.32. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 1.56.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.80 by $0.27. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The firm had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business’s quarterly revenue was down 23.2% on a year-over-year basis. As a group, sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.08%. The ex-dividend date was Monday, June 2nd. Harley-Davidson’s dividend payout ratio (DPR) is currently 26.87%.

Harley-Davidson Company 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.