Mirae Asset Global Investments Co. Ltd. Buys Shares of 1,385 Harley-Davidson, Inc. (NYSE:HOG)

Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson, Inc. (NYSE:HOG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,385 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EMC Capital Management increased its stake in shares of Harley-Davidson by 141.9% in the fourth quarter. EMC Capital Management now owns 8,467 shares of the company’s stock worth $255,000 after buying an additional 4,967 shares during the last quarter. Twelve Points Wealth Management LLC lifted its holdings in Harley-Davidson by 24.7% in the 4th quarter. Twelve Points Wealth Management LLC now owns 51,717 shares of the company’s stock valued at $1,558,000 after acquiring an additional 10,245 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock worth $164,754,000 after buying an additional 1,285,225 shares during the period. KBC Group NV lifted its position in shares of Harley-Davidson by 63.4% in the fourth quarter. KBC Group NV now owns 5,909 shares of the company’s stock worth $178,000 after purchasing an additional 2,293 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Harley-Davidson in the 4th quarter valued at approximately $800,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Ratings Changes

HOG has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird dropped their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 31st. Bank of America dropped their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.57.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $25.76 on Friday. Harley-Davidson, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $44.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.40. The business has a 50-day simple moving average of $29.16 and a two-hundred day simple moving average of $33.19. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, analysts expect that Harley-Davidson, Inc. will post 3.65 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.80%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is presently 20.72%.

Harley-Davidson Profile

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.