Jones Financial Companies Lllp Has $7.64 Million Holdings in Harley-Davidson, Inc. $HOG

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Harley-Davidson by 9,485%, owning 302,503 shares valued at approximately $7.64 million as of the latest quarterly report.
• Harley-Davidson's recent earnings report showed a 19.3% decline in revenue year-over-year, with the company reporting $1.31 billion in revenue but missing earnings estimates.
• The company announced a quarterly dividend of $0.18 per share, translating to an annual yield of 2.3%, to be paid on September 24th.

Jones Financial Companies Lllp boosted its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 9,485.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 302,503 shares of the company's stock after acquiring an additional 299,347 shares during the period. Jones Financial Companies Lllp owned approximately 0.25% of Harley-Davidson worth $7,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOG. Ameriprise Financial Inc. lifted its holdings in Harley-Davidson by 1.0% during the fourth quarter. Ameriprise Financial Inc. now owns 201,105 shares of the company's stock worth $6,059,000 after acquiring an additional 1,974 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Harley-Davidson by 95.7% during the fourth quarter. Baird Financial Group Inc. now owns 6,707 shares of the company's stock worth $202,000 after acquiring an additional 3,279 shares in the last quarter. Deutsche Bank AG lifted its holdings in Harley-Davidson by 7.8% during the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock worth $346,000 after acquiring an additional 831 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Harley-Davidson by 25.4% during the fourth quarter. Lazard Asset Management LLC now owns 52,914 shares of the company's stock worth $1,594,000 after acquiring an additional 10,732 shares in the last quarter. Finally, MJP Associates Inc. ADV bought a new position in Harley-Davidson during the fourth quarter worth about $305,000. 85.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. UBS Group cut their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Citigroup boosted their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, June 16th. DA Davidson boosted their price target on Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, Griffin Securities set a $34.00 price target on Harley-Davidson in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Harley-Davidson presently has an average rating of "Hold" and a consensus price target of $30.86.

Harley-Davidson Stock Down 2.5%

Shares of NYSE:HOG traded down $0.76 during midday trading on Friday, reaching $29.94. The company had a trading volume of 1,383,713 shares, compared to its average volume of 1,602,221. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. The business's 50 day moving average price is $26.46 and its 200 day moving average price is $24.98. The stock has a market cap of $3.64 billion, a PE ratio of 15.51, a P/E/G ratio of 0.44 and a beta of 1.31. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93.

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

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 10th. Harley-Davidson's payout ratio is 37.31%.

Insiders Place Their Bets

In other Harley-Davidson news, Director Rafeh Masood purchased 2,068 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $24.06 per share, with a total value of $49,756.08. Following the completion of the transaction, the director directly owned 4,705 shares in the company, valued at $113,202.30. This represents a 78.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by company insiders.

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.