Commonwealth Equity Services LLC Acquires 416 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Commonwealth Equity Services LLC increased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,048 shares of the company’s stock after purchasing an additional 416 shares during the period. Commonwealth Equity Services LLC’s holdings in Harley-Davidson were worth $1,624,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HOG. TD Capital Management LLC bought a new position in shares of Harley-Davidson during the 3rd quarter valued at about $26,000. Lazard Asset Management LLC bought a new position in shares of Harley-Davidson during the 1st quarter valued at about $31,000. Ellevest Inc. lifted its holdings in shares of Harley-Davidson by 327.2% during the 3rd quarter. Ellevest Inc. now owns 1,115 shares of the company’s stock valued at $39,000 after purchasing an additional 854 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Harley-Davidson by 1,144.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock valued at $54,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Harley-Davidson by 74.7% in the 1st quarter. Covestor Ltd now owns 1,660 shares of the company’s stock valued at $65,000 after acquiring an additional 710 shares in the last quarter. Institutional investors own 83.96% of the company’s stock.

Harley-Davidson Stock Up 1.7 %

HOG stock opened at $33.48 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.45 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $4.81 billion, a PE ratio of 6.02, a PEG ratio of 1.17 and a beta of 1.35. Harley-Davidson, Inc. has a 1-year low of $29.80 and a 1-year high of $51.77. The business’s 50 day simple moving average is $36.66 and its 200 day simple moving average is $42.51.

Harley-Davidson (NYSE:HOG – Get Rating) last posted its earnings results on Thursday, April 27th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.62. Harley-Davidson had a return on equity of 28.68% and a net margin of 14.08%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm earned $1.45 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 4.79 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Monday, June 5th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.97%. Harley-Davidson’s dividend payout ratio is 11.87%.

Analysts Set New Price Targets

Several research firms have commented on HOG. KeyCorp began coverage on Harley-Davidson in a research note on Wednesday, April 19th. They issued a “sector weight” rating on the stock. Jefferies Financial Group upgraded Harley-Davidson from an “underperform” rating to a “hold” rating and set a $39.00 target price on the stock in a research note on Wednesday, March 15th. Citigroup cut their target price on Harley-Davidson from $52.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, April 14th. Bank of America lowered their price target on Harley-Davidson from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, April 13th. Finally, StockNews.com raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Harley-Davidson Company Profile

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Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.