EMC Capital Management Sells 2,871 Shares of Harley-Davidson, Inc. $HOG

EMC Capital Management cut its position in Harley-Davidson, Inc. (NYSE:HOG) by 33.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,596 shares of the company’s stock after selling 2,871 shares during the quarter. EMC Capital Management’s holdings in Harley-Davidson were worth $132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its holdings in Harley-Davidson by 104.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company’s stock worth $86,095,000 after acquiring an additional 1,738,017 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Harley-Davidson in the first quarter worth $33,884,000. Bank of New York Mellon Corp raised its position in Harley-Davidson by 30.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,838,532 shares of the company’s stock worth $43,389,000 after purchasing an additional 426,808 shares during the last quarter. Nuveen LLC bought a new position in Harley-Davidson during the 1st quarter worth $9,564,000. Finally, Quinn Opportunity Partners LLC acquired a new position in Harley-Davidson during the 2nd quarter worth about $7,262,000. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Trading Down 3.4%

Shares of Harley-Davidson stock opened at $22.95 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $35.21. The stock has a 50 day moving average price of $27.12 and a two-hundred day moving average price of $25.97. The stock has a market capitalization of $2.71 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.40 and a beta of 1.39.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. As a group, equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, September 10th. Harley-Davidson’s dividend payout ratio (DPR) is currently 17.48%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HOG. DA Davidson lowered their target price on shares of Harley-Davidson from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Morgan Stanley cut their target price on Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Zacks Research lowered Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, UBS Group reduced their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.86.

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.