Jones Financial Companies Lllp Increases Stock Position 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 lifted its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 9,485.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,503 shares of the company's stock after purchasing an additional 299,347 shares during the period. Jones Financial Companies Lllp owned about 0.25% of Harley-Davidson worth $7,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Harley-Davidson by 7.7% during the 1st quarter. American Century Companies Inc. now owns 3,766,421 shares of the company's stock worth $95,102,000 after buying an additional 269,842 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Harley-Davidson by 104.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company's stock worth $86,095,000 after buying an additional 1,738,017 shares in the last quarter. Millennium Management LLC purchased a new stake in Harley-Davidson during the 1st quarter worth approximately $33,884,000. Brickwood Asset Management LLP increased its stake in Harley-Davidson by 24.2% during the 1st quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock worth $28,918,000 after buying an additional 223,146 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Harley-Davidson by 7.2% during the 1st quarter. Invesco Ltd. now owns 757,747 shares of the company's stock worth $19,133,000 after buying an additional 50,717 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

Shares of NYSE HOG traded down $0.05 during midday trading on Monday, reaching $29.84. 307,222 shares of the company were exchanged, compared to its average volume of 2,169,344. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The stock has a fifty day simple moving average of $26.46 and a 200 day simple moving average of $24.96. The stock has a market cap of $3.63 billion, a P/E ratio of 15.46, a PEG ratio of 0.42 and a beta of 1.31.

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

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders 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 dividend yield of 2.4%. The ex-dividend date is Wednesday, September 10th. Harley-Davidson's dividend payout ratio (DPR) is presently 37.31%.

Wall Street Analysts Forecast Growth

HOG has been the subject of several research reports. Griffin Securities set a $34.00 price objective on Harley-Davidson in a research note on Monday, August 25th. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. DA Davidson upped their price target on Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, August 25th. UBS Group dropped their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Finally, Citigroup upped their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Harley-Davidson presently has an average rating of "Hold" and an average price target of $30.86.

Insider Activity

In related news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.93% of the company's stock.

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.