Proficio Capital Partners LLC Buys Shares of 44,502 Harley-Davidson, Inc. (NYSE:HOG)

Proficio Capital Partners LLC acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 44,502 shares of the company's stock, valued at approximately $1,341,000.

A number of other institutional investors have also made changes to their positions in HOG. Victory Capital Management Inc. lifted its position in Harley-Davidson by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 27,611 shares of the company's stock worth $1,064,000 after buying an additional 807 shares in the last quarter. Empowered Funds LLC increased its position in shares of Harley-Davidson by 21.8% in the third quarter. Empowered Funds LLC now owns 14,828 shares of the company's stock valued at $571,000 after acquiring an additional 2,657 shares during the last quarter. Natixis Advisors LLC boosted its position in Harley-Davidson by 13.8% during the third quarter. Natixis Advisors LLC now owns 22,656 shares of the company's stock valued at $873,000 after purchasing an additional 2,756 shares during the last quarter. Quest Partners LLC boosted its position in Harley-Davidson by 71,664.3% during the third quarter. Quest Partners LLC now owns 10,047 shares of the company's stock valued at $387,000 after purchasing an additional 10,033 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in Harley-Davidson in the third quarter valued at approximately $327,000. Institutional investors own 85.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HOG shares. DA Davidson cut their price objective on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Bank of America cut their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. UBS Group lowered their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Citigroup cut their target price on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley lowered their price target on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $33.57.

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Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now owns 23,555 shares of the company's stock, valued at $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by insiders.

Harley-Davidson Stock Performance

HOG stock traded up $0.95 during mid-day trading on Monday, hitting $25.66. 2,295,557 shares of the company were exchanged, compared to its average volume of 1,813,905. Harley-Davidson, Inc. has a 1-year low of $23.81 and a 1-year high of $44.16. The stock has a market capitalization of $3.20 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The business has a 50 day simple moving average of $26.63 and a 200-day simple moving average of $31.19. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $0.18 EPS. On average, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's payout ratio is presently 21.62%.

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.