Cambridge Investment Research Advisors Inc. Sells 1,986 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Cambridge Investment Research Advisors Inc. lessened its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 16.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,463 shares of the company’s stock after selling 1,986 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Harley-Davidson were worth $264,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in Harley-Davidson by 62.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,156 shares of the company’s stock worth $95,000 after purchasing an additional 1,215 shares during the period. Victory Capital Management Inc. grew its holdings in Harley-Davidson by 86.6% during the fourth quarter. Victory Capital Management Inc. now owns 51,533 shares of the company’s stock worth $1,553,000 after purchasing an additional 23,922 shares during the period. Proficio Capital Partners LLC bought a new position in Harley-Davidson during the fourth quarter worth about $1,341,000. Raymond James Financial Inc. bought a new position in Harley-Davidson during the fourth quarter worth about $18,802,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Harley-Davidson by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,928 shares of the company’s stock worth $902,000 after purchasing an additional 2,888 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Down 1.9%

Shares of HOG stock opened at $24.64 on Friday. The company has a market cap of $2.99 billion, a P/E ratio of 9.19, a PEG ratio of 0.49 and a beta of 1.30. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The stock has a 50 day simple moving average of $24.37 and a two-hundred day simple moving average of $25.37. 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 (NYSE:HOG) last announced its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.27. The firm had revenue of $315.24 million during 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 business’s revenue was down 23.2% compared to the same quarter last year. During the same period last year, the firm posted $1.72 EPS. Research analysts forecast 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 was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid 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 2.92%. Harley-Davidson’s dividend payout ratio is currently 26.87%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HOG. Robert W. Baird lifted their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. UBS Group decreased their price target on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 8th. Citigroup raised their price target on Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Finally, DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Harley-Davidson has a consensus rating of “Hold” and an average price target of $29.83.

Harley-Davidson Company 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.