Raymond James Financial Services Advisors Inc. Cuts Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 54.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,724 shares of the company’s stock after selling 30,027 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Harley-Davidson were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HOG. CoreCap Advisors LLC acquired a new position in Harley-Davidson in the fourth quarter valued at $284,000. SG Americas Securities LLC boosted its stake in Harley-Davidson by 4.5% in the fourth quarter. SG Americas Securities LLC now owns 20,469 shares of the company’s stock valued at $754,000 after acquiring an additional 887 shares in the last quarter. Twelve Points Wealth Management LLC boosted its stake in Harley-Davidson by 22.4% in the fourth quarter. Twelve Points Wealth Management LLC now owns 24,847 shares of the company’s stock valued at $915,000 after acquiring an additional 4,540 shares in the last quarter. BKM Wealth Management LLC acquired a new position in Harley-Davidson in the fourth quarter valued at $36,000. Finally, Raymond James Trust N.A. acquired a new position in Harley-Davidson in the fourth quarter valued at $259,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the subject of several recent research reports. UBS Group increased their target price on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Citigroup increased their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Bank of America increased their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. DA Davidson increased their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets increased their target price on shares of Harley-Davidson from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Harley-Davidson currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

Harley-Davidson Stock Performance

NYSE:HOG opened at $39.10 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.25 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 2.60 and a beta of 1.43. The firm’s fifty day simple moving average is $39.59 and its 200 day simple moving average is $34.58. Harley-Davidson, Inc. has a twelve month low of $25.43 and a twelve month high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.14. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. The business had revenue of $791.65 million for the quarter, compared to analyst estimates of $875.29 million. During the same quarter in the previous year, the business posted $0.28 EPS. The business’s quarterly revenue was down 13.8% on a year-over-year basis. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 4.22 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were given a $0.1725 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 1.76%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is presently 14.32%.

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.