Lazard Asset Management LLC Purchases 10,732 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Lazard Asset Management LLC raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 25.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,914 shares of the company's stock after acquiring an additional 10,732 shares during the period. Lazard Asset Management LLC's holdings in Harley-Davidson were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares in the last quarter. Covestor Ltd raised its holdings in shares of Harley-Davidson by 18.8% during the 4th quarter. Covestor Ltd now owns 4,163 shares of the company's stock worth $125,000 after acquiring an additional 658 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Harley-Davidson by 7.8% during the 4th 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. Global Retirement Partners LLC raised its holdings in shares of Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock worth $56,000 after acquiring an additional 846 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Harley-Davidson by 6.5% during the 4th quarter. Xponance Inc. now owns 14,123 shares of the company's stock worth $426,000 after acquiring an additional 856 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. DA Davidson restated a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Morgan Stanley decreased their price target on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Citigroup decreased their price target on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, Robert W. Baird increased their price target on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $30.17.

Harley-Davidson Trading Down 1.9%

Harley-Davidson stock traded down $0.47 during mid-day trading on Friday, hitting $24.29. The company's stock had a trading volume of 1,354,364 shares, compared to its average volume of 1,930,646. The company has a 50 day moving average of $23.78 and a 200-day moving average of $27.38. The stock has a market cap of $2.95 billion, a PE ratio of 7.30, a P/E/G ratio of 0.38 and a beta of 1.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.80 by $0.27. The company had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. Harley-Davidson's quarterly revenue was down 23.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.72 EPS. On average, research analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, June 2nd. Harley-Davidson's dividend payout ratio (DPR) is presently 26.87%.

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.