Manatuck Hill Partners LLC Takes Position in Harley-Davidson, Inc. $HOG

Manatuck Hill Partners LLC acquired a new position in Harley-Davidson, Inc. (NYSE:HOG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 65,000 shares of the company’s stock, valued at approximately $1,590,000.

Several other institutional investors have also recently made changes to their positions in HOG. BlackRock Inc. bought a new stake in Harley-Davidson in the 2nd quarter valued at $249,395,000. Donald Smith & CO. Inc. bought a new position in shares of Harley-Davidson during the 2nd quarter valued at about $226,966,000. Bank of America Corp DE boosted its holdings in shares of Harley-Davidson by 456.7% during the 1st quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock valued at $35,089,000 after purchasing an additional 1,423,675 shares during the last quarter. Aegis Financial Corp purchased a new position in shares of Harley-Davidson during the first quarter valued at about $27,681,000. Finally, Norges Bank purchased a new position in shares of Harley-Davidson during the fourth quarter valued at about $25,766,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

HOG has been the topic of a number of research analyst reports. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. DA Davidson raised their price target on Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 17th. UBS Group lifted their price objective on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Robert W. Baird upped their price objective on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.78.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $27.55 on Wednesday. The company’s 50-day moving average price is $26.01 and its 200-day moving average price is $23.29. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.87 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 17.47 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. On average, equities research analysts forecast that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Artie Starrs bought 10,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $25.89 per share, for a total transaction of $258,900.00. Following the acquisition, the chief executive officer owned 25,000 shares in the company, valued at $647,250. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Gayle Littleton bought 7,500 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $26.38 per share, for a total transaction of $197,850.00. Following the transaction, the chief accounting officer owned 7,500 shares in the company, valued at approximately $197,850. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 57,500 shares of company stock valued at $1,439,550. 0.97% of the stock is currently owned by company insiders.

Harley-Davidson Company Profile

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.