Harley-Davidson, Inc. (NYSE:HOG) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in Harley-Davidson, Inc. (NYSE:HOG) by 10.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,443 shares of the company’s stock after buying an additional 3,505 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Harley-Davidson were worth $1,289,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HOG. Quadrant Capital Group LLC grew its stake in shares of Harley-Davidson by 95.0% during the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after acquiring an additional 384 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Harley-Davidson in the first quarter valued at about $39,000. Principal Securities Inc. acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $38,000. American National Bank bought a new stake in shares of Harley-Davidson in the 1st quarter worth about $52,000. Finally, Neo Ivy Capital Management bought a new position in shares of Harley-Davidson during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Up 6.4 %

Shares of Harley-Davidson stock opened at $37.74 on Monday. The business has a fifty day simple moving average of $36.07 and a 200-day simple moving average of $36.74. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $1.22 EPS. Harley-Davidson’s revenue was up 12.0% on a year-over-year basis. On average, equities analysts forecast that Harley-Davidson, Inc. will post 4.32 EPS for the current fiscal year.

Harley-Davidson announced that its board has initiated a stock buyback program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 19.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be issued a $0.1725 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 1.83%. Harley-Davidson’s dividend payout ratio is currently 15.33%.

Analyst Ratings Changes

A number of equities analysts have commented on HOG shares. Robert W. Baird lifted their price objective on shares of Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. UBS Group lifted their price target on Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Finally, Citigroup decreased their price target on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.29.

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.