Ameriprise Financial Inc. Increases Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Ameriprise Financial Inc. raised its stake in Harley-Davidson, Inc. (NYSE:HOG) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,105 shares of the company’s stock after buying an additional 1,974 shares during the quarter. Ameriprise Financial Inc. owned about 0.16% of Harley-Davidson worth $6,059,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Donald Smith & CO. Inc. purchased a new position in shares of Harley-Davidson in the fourth quarter valued at approximately $50,368,000. Proficio Capital Partners LLC purchased a new position in shares of Harley-Davidson in the fourth quarter valued at approximately $1,341,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Harley-Davidson in the fourth quarter valued at approximately $1,898,000. Norges Bank purchased a new position in shares of Harley-Davidson in the fourth quarter valued at approximately $11,010,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after purchasing an additional 157,939 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Trading Down 1.9%

NYSE HOG opened at $24.29 on Friday. The company has a market cap of $2.95 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.38 and a beta of 1.30. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The company has a 50-day moving average of $23.78 and a 200-day moving average of $27.42.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The firm had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. The firm’s quarterly revenue was down 23.2% compared to the same quarter last year. As a group, equities analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.96%. Harley-Davidson’s dividend payout ratio (DPR) is currently 26.87%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HOG. Robert W. Baird lifted their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 14th. Citigroup reduced their target price on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. Bank of America reduced their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Morgan Stanley reduced their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $30.17.

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.