Wealth Enhancement Advisory Services LLC Has $392,000 Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Wealth Enhancement Advisory Services LLC decreased its stake in Harley-Davidson, Inc. (NYSE:HOG) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,522 shares of the company’s stock after selling 713 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Harley-Davidson were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Covestor Ltd increased its stake in shares of Harley-Davidson by 18.8% in the fourth quarter. Covestor Ltd now owns 4,163 shares of the company’s stock valued at $125,000 after buying an additional 658 shares during the period. UMB Bank n.a. increased its stake in shares of Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock valued at $33,000 after buying an additional 791 shares during the period. Deutsche Bank AG increased its stake in shares of Harley-Davidson by 7.8% in the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company’s stock valued at $346,000 after buying an additional 831 shares during the period. Xponance Inc. increased its stake in shares of Harley-Davidson by 6.5% in the fourth quarter. Xponance Inc. now owns 14,123 shares of the company’s stock valued at $426,000 after buying an additional 856 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock valued at $39,000 after buying an additional 916 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on HOG shares. Robert W. Baird upped their target price on Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Citigroup upped their target price on Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Finally, DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.00.

Harley-Davidson Stock Up 0.3%

Shares of NYSE:HOG opened at $25.51 on Monday. The business’s 50 day simple moving average is $24.21 and its two-hundred day simple moving average is $25.54. The firm has a market cap of $3.10 billion, a P/E ratio of 9.52, a PEG ratio of 0.51 and a beta of 1.30. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 1.56. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.27. The business had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The company’s quarterly revenue was down 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. As a group, research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 annualized dividend and a yield of 2.82%. Harley-Davidson’s payout ratio is currently 26.87%.

About Harley-Davidson

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.