Janney Montgomery Scott LLC increased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 147.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,355 shares of the company’s stock after buying an additional 5,569 shares during the period. Janney Montgomery Scott LLC’s holdings in Harley-Davidson were worth $ 566,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. boosted its stake in Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $ 178,000 after buying an additional 1,853 shares during the period. Stokes & Hubbell Capital Management LLC bought a new stake in Harley-Davidson during the first quarter valued at $ 201,000. Cpcm LLC bought a new stake in Harley-Davidson during the fourth quarter valued at $ 203,000. Putnam Investments LLC bought a new stake in Harley-Davidson during the fourth quarter valued at $ 204,000. Finally, Loudon Investment Management LLC bought a new stake in Harley-Davidson during the fourth quarter valued at $ 222,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) opened at 54.04 on Tuesday. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a market cap of $ 9.51 billion, a price-to-earnings ratio of 15.41 and a beta of 0.88. The company’s 50-day moving average is $ 58.36 and its 200 day moving average is $ 58.57.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period in the prior year, the business earned $ 1.36 EPS. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. Equities analysts anticipate that Harley-Davidson Inc will post $ 3.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is currently 38.22%.
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Several analysts have recently weighed in on the stock. Barclays PLC restated an “equal weight” rating and set a $ 52.00 price objective (down previously from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Royal Bank of Canada set a $ 58.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a research report on Wednesday, February 1st. Citigroup Inc decreased their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $ 56.12.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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