Mizuho Markets Americas LLC Takes $276,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Mizuho Markets Americas LLC purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,300 shares of the company’s stock, valued at approximately $276,000.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Harley-Davidson by 95.0% in the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after buying an additional 384 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at $36,000. Principal Securities Inc. acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at $38,000. Lindbrook Capital LLC boosted its stake in shares of Harley-Davidson by 66.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock valued at $39,000 after acquiring an additional 423 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at $39,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

HOG has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 price objective on the stock. DA Davidson increased their price objective on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. BMO Capital Markets decreased their price objective on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Citigroup decreased their price target on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $40.00 price target on shares of Harley-Davidson in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.57.

Harley-Davidson Trading Down 3.6 %

Shares of NYSE HOG traded down $1.29 during midday trading on Friday, hitting $34.62. The stock had a trading volume of 1,306,761 shares, compared to its average volume of 1,391,667. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.29 and a beta of 1.46. Harley-Davidson, Inc. has a 1-year low of $25.43 and a 1-year high of $44.16. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average price of $34.25 and a 200 day moving average price of $36.34.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.48 by $0.24. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. On average, analysts predict that Harley-Davidson, Inc. will post 4.39 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Wednesday, June 5th were issued a dividend of $0.1725 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.69 annualized dividend and a dividend yield of 1.99%. Harley-Davidson’s payout ratio is currently 15.33%.

About Harley-Davidson

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.