24,702 Shares in Harley-Davidson, Inc. (NYSE:HOG) Purchased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has acquired a new position in Harley-Davidson, Inc., purchasing 24,702 shares valued at approximately $624,000.
• Despite a recent quarterly earnings report showing a 19.3% revenue decline year-over-year and missing EPS estimates, Harley-Davidson's stock holds an average target price of $29.83 according to analysts.
• Harley-Davidson recently declared a quarterly dividend of $0.18 per share, resulting in a yield of 3.0% and demonstrating a dividend payout ratio of 26.87%.

Allianz Asset Management GmbH acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,702 shares of the company's stock, valued at approximately $624,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Financial Harvest LLC bought a new stake in Harley-Davidson in the 1st quarter valued at about $30,000. Kingsview Wealth Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter worth $2,633,000. Bailard Inc. boosted its stake in Harley-Davidson by 6.3% during the first quarter. Bailard Inc. now owns 19,229 shares of the company's stock worth $486,000 after acquiring an additional 1,148 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Harley-Davidson by 177.6% in the first quarter. Victory Capital Management Inc. now owns 143,053 shares of the company's stock valued at $3,612,000 after buying an additional 91,520 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Harley-Davidson by 85.3% in the first quarter. Signaturefd LLC now owns 2,933 shares of the company's stock valued at $74,000 after purchasing an additional 1,350 shares during the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Performance

NYSE HOG traded up $0.46 on Tuesday, reaching $24.23. 2,237,380 shares of the stock were exchanged, compared to its average volume of 2,250,809. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. The company's 50-day simple moving average is $24.28 and its two-hundred day simple moving average is $24.74. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93. The firm has a market capitalization of $2.94 billion, a PE ratio of 12.55, a PEG ratio of 0.41 and a beta of 1.29.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The company's revenue for the quarter was down 19.3% on a year-over-year basis. Analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 2nd. Harley-Davidson's payout ratio is presently 37.31%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. DA Davidson restated a "buy" rating and set a $31.00 price objective on shares of Harley-Davidson in a report on Wednesday, April 9th. UBS Group lowered their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Robert W. Baird boosted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, Citigroup increased their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $29.83.

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.