Raymond James Financial Inc. Boosts Stake in Harley-Davidson, Inc. $HOG

Key Points

• Raymond James Financial Inc. increased its stake in Harley-Davidson by 7.9%, acquiring an additional 49,317 shares to own approximately 0.55% of the company, valued at $17 million.
• Harley-Davidson reported a net margin of 5.76% and a 19.3% decline in revenue year-over-year, with recent earnings of $0.88 per share missing analysts' expectation of $0.99.
• The company announced a quarterly dividend of $0.18 per share, representing an annualized yield of 2.5%, and the dividend payout ratio stands at 37.31%.

Raymond James Financial Inc. raised its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 673,353 shares of the company's stock after purchasing an additional 49,317 shares during the period. Raymond James Financial Inc. owned 0.55% of Harley-Davidson worth $17,002,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. American Century Companies Inc. raised its position 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 purchasing an additional 269,842 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in Harley-Davidson by 104.0% in the first quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company's stock valued at $86,095,000 after buying an additional 1,738,017 shares during the period. Brown Advisory Inc. lifted its holdings in Harley-Davidson by 4.8% in the fourth quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock valued at $47,266,000 after buying an additional 71,495 shares during the period. Brickwood Asset Management LLP lifted its holdings in Harley-Davidson by 24.2% in the first quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock valued at $28,918,000 after buying an additional 223,146 shares during the period. Finally, Northern Trust Corp increased its stake in Harley-Davidson by 20.1% in the fourth quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock valued at $32,035,000 after purchasing an additional 177,748 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Price Performance

NYSE:HOG traded up $0.34 during trading hours on Friday, hitting $29.16. The stock had a trading volume of 1,292,111 shares, compared to its average volume of 1,959,608. The company has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $24.71. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. 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 $3.54 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 0.43 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 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The firm's revenue for the quarter was down 19.3% on a year-over-year basis. Research analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 10th. Harley-Davidson's dividend payout ratio (DPR) is presently 37.31%.

Insider Buying and Selling

In other news, Director Rafeh Masood purchased 2,068 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was purchased at an average cost of $24.06 per share, with a total value of $49,756.08. Following the acquisition, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HOG has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Zacks Research upgraded shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Citigroup boosted their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a research note on Monday, August 25th. Finally, DA Davidson boosted their target price on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Harley-Davidson currently has an average rating of "Hold" and an average target price of $30.86.

Harley-Davidson Profile

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.