Kestra Advisory Services LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 5.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 5,964 shares of the company’s stock after selling 352 shares during the quarter. Kestra Advisory Services LLC’s holdings in Harley-Davidson were worth $235,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. CIBC Asset Management Inc grew its stake in Harley-Davidson by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,591 shares of the company’s stock valued at $248,000 after purchasing an additional 262 shares in the last quarter. Synovus Financial Corp grew its stake in Harley-Davidson by 1.4% during the 4th quarter. Synovus Financial Corp now owns 19,603 shares of the company’s stock valued at $743,000 after purchasing an additional 267 shares in the last quarter. Xponance Inc. grew its stake in Harley-Davidson by 1.8% during the 1st quarter. Xponance Inc. now owns 17,363 shares of the company’s stock valued at $684,000 after purchasing an additional 313 shares in the last quarter. Pacific Global Investment Management Co. grew its stake in Harley-Davidson by 2.5% during the 1st quarter. Pacific Global Investment Management Co. now owns 13,650 shares of the company’s stock valued at $538,000 after purchasing an additional 337 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in Harley-Davidson by 4.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,760 shares of the company’s stock valued at $292,000 after purchasing an additional 345 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.
Harley-Davidson Trading Down 0.4 %
Shares of NYSE HOG opened at $34.48 on Tuesday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Harley-Davidson, Inc. has a 12-month low of $29.80 and a 12-month high of $44.46. The company has a current ratio of 1.34, a quick ratio of 1.12 and a debt-to-equity ratio of 1.78. The stock’s 50 day simple moving average is $33.21 and its 200 day simple moving average is $36.54.
Harley-Davidson (NYSE:HOG – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.07). The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.33 billion. Harley-Davidson had a return on equity of 27.07% and a net margin of 11.78%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.68 EPS. Equities research analysts expect that Harley-Davidson, Inc. will post 4.15 EPS for the current year.
Harley-Davidson Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Thursday, June 2nd were paid a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, June 1st. Harley-Davidson’s payout ratio is currently 15.87%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on HOG shares. Northcoast Research restated a “neutral” rating on shares of Harley-Davidson in a research note on Tuesday, May 17th. BMO Capital Markets decreased their target price on Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 28th. Bank of America decreased their target price on Harley-Davidson from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Wolfe Research reiterated a “buy” rating and issued a $45.00 target price on shares of Harley-Davidson in a research report on Friday, May 20th. Finally, StockNews.com initiated coverage on Harley-Davidson in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and an average target price of $47.96.
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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