Harley-Davidson, Inc. (HOG) Position Lifted by OxFORD Asset Management LLP

OxFORD Asset Management LLP increased its stake in Harley-Davidson, Inc. (NYSE:HOG) by 257.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,372 shares of the company’s stock after purchasing an additional 97,492 shares during the period. OxFORD Asset Management LLP owned approximately 0.08% of Harley-Davidson worth $6,533,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Harley-Davidson by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after acquiring an additional 267,352 shares during the last quarter. Capital Research Global Investors grew its position in Harley-Davidson by 605.1% in the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after acquiring an additional 14,359,571 shares during the last quarter. BlackRock Inc. grew its position in Harley-Davidson by 1.5% in the second quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after acquiring an additional 154,675 shares during the last quarter. Independent Franchise Partners LLP grew its position in Harley-Davidson by 53.3% in the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after acquiring an additional 2,815,749 shares during the last quarter. Finally, LSV Asset Management grew its position in Harley-Davidson by 1.0% in the second quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after acquiring an additional 39,699 shares during the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

In related news, CEO Matthew S. Levatich sold 19,447 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the completion of the sale, the chief executive officer now owns 88,646 shares in the company, valued at $4,286,920.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John A. Olin sold 28,760 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the sale, the chief financial officer now owns 65,722 shares of the company’s stock, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,726 shares of company stock valued at $2,816,641. Corporate insiders own 0.70% of the company’s stock.

Several analysts have recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target (down from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Morgan Stanley reduced their price target on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, August 14th. Wedbush restated a “neutral” rating and set a $45.00 price target on shares of Harley-Davidson in a report on Monday, October 2nd. Finally, BMO Capital Markets restated a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $52.50.

Shares of Harley-Davidson, Inc. (HOG) traded up $1.78 on Tuesday, reaching $51.81. The company’s stock had a trading volume of 3,527,200 shares, compared to its average volume of 2,266,024. The firm has a market capitalization of $8,419.81, a price-to-earnings ratio of 15.63, a PEG ratio of 1.72 and a beta of 0.96. Harley-Davidson, Inc. has a 12-month low of $44.52 and a 12-month high of $63.40. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share. equities research analysts expect that Harley-Davidson, Inc. will post 3.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.365 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a dividend yield of 2.82%. Harley-Davidson’s dividend payout ratio is 45.63%.

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Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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

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