Harley-Davidson, Inc. $HOG Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lessened its position in Harley-Davidson, Inc. (NYSE:HOG) by 59.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,649 shares of the company’s stock after selling 59,500 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Harley-Davidson were worth $1,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Harley-Davidson by 139.0% during the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock worth $26,000 after purchasing an additional 549 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares in the last quarter. Westfuller Advisors LLC purchased a new stake in Harley-Davidson during the third quarter worth about $67,000. Hantz Financial Services Inc. increased its position in shares of Harley-Davidson by 203.3% in the third quarter. Hantz Financial Services Inc. now owns 2,426 shares of the company’s stock valued at $68,000 after buying an additional 1,626 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in shares of Harley-Davidson by 310.2% during the 3rd quarter. Rothschild Investment LLC now owns 2,461 shares of the company’s stock worth $69,000 after purchasing an additional 1,861 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insiders Place Their Bets

In other Harley-Davidson news, Director Rafeh Masood acquired 2,775 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $18.00 per share, for a total transaction of $49,950.00. Following the purchase, the director owned 7,480 shares in the company, valued at $134,640. This represents a 58.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James D. Farley, Jr. sold 6,454 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total value of $120,754.34. Following the completion of the sale, the director directly owned 16,205 shares in the company, valued at approximately $303,195.55. This represents a 28.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is owned by insiders.

Harley-Davidson Stock Up 0.1%

Shares of Harley-Davidson stock opened at $17.62 on Monday. The company has a market cap of $1.97 billion, a P/E ratio of 6.75 and a beta of 1.42. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $19.55 and a 200 day moving average price of $23.26. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($1.52). Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The business had revenue of $496.16 million for the quarter, compared to the consensus estimate of $482.21 million. During the same period in the previous year, the business posted ($0.93) EPS. Harley-Davidson’s revenue was down 9.8% compared to the same quarter last year. As a group, analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd were given a $0.1875 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.18. Harley-Davidson’s dividend payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HOG. Zacks Research downgraded Harley-Davidson from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Loop Capital started coverage on shares of Harley-Davidson in a research note on Tuesday, November 25th. They set a “hold” rating and a $21.00 price objective on the stock. Argus upgraded Harley-Davidson to a “strong-buy” rating in a report on Tuesday, February 17th. Wall Street Zen lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, BMO Capital Markets restated an “outperform” rating and set a $24.00 price objective on shares of Harley-Davidson in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Harley-Davidson presently has an average rating of “Hold” and an average target price of $21.67.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.