Harley-Davidson, Inc. $HOG Stock Position Raised by Raymond James Financial Inc.

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. boosted its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 673,353 shares of the company's stock after buying an additional 49,317 shares during the quarter. 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 company. Versant Capital Management Inc boosted its position in shares of Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after purchasing an additional 949 shares during the period. Assetmark Inc. boosted its position in shares of Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after purchasing an additional 713 shares during the period. CX Institutional acquired a new position in shares of Harley-Davidson in the 1st quarter valued at $28,000. Financial Harvest LLC acquired a new position in shares of Harley-Davidson in the 1st quarter valued at $30,000. Finally, UMB Bank n.a. boosted its position in shares of Harley-Davidson by 153.6% in the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares during the period. Institutional investors own 85.10% of the company's stock.

Insider Buying and Selling at Harley-Davidson

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

Harley-Davidson Stock Up 0.6%

NYSE HOG traded up $0.17 during trading on Tuesday, reaching $29.29. 1,484,933 shares of the company's stock were exchanged, compared to its average volume of 1,786,071. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The firm has a market capitalization of $3.56 billion, a PE ratio of 15.17, a P/E/G ratio of 0.41 and a beta of 1.31. 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 fifty day simple moving average is $25.53 and its 200-day simple moving average is $24.76.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. The company's revenue was down 19.3% compared to the same quarter last year. Sell-side analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

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

Wall Street Analyst Weigh In

HOG has been the subject of a number of recent analyst reports. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Griffin Securities set a $34.00 price target on Harley-Davidson in a research report on Monday, August 25th. UBS Group decreased 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. 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 research report on Wednesday, May 14th. Finally, Citigroup increased 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 equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Harley-Davidson has an average rating of "Hold" and a consensus 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.