Raymond James & Associates Has $24.93 Million Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Raymond James & Associates increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 5.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 647,000 shares of the company’s stock after purchasing an additional 30,725 shares during the period. Raymond James & Associates’ holdings in Harley-Davidson were worth $24,929,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management raised its holdings in shares of Harley-Davidson by 17.3% in the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock valued at $191,372,000 after purchasing an additional 842,407 shares during the period. Dimensional Fund Advisors LP increased its position in Harley-Davidson by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock worth $209,576,000 after buying an additional 708,260 shares during the last quarter. American Century Companies Inc. increased its position in Harley-Davidson by 42.8% during the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock worth $75,932,000 after buying an additional 678,092 shares during the last quarter. Vanguard Group Inc. raised its stake in Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after buying an additional 452,536 shares during the period. Finally, SG Capital Management LLC acquired a new stake in shares of Harley-Davidson in the first quarter valued at approximately $11,797,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HOG. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Bank of America dropped their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. UBS Group upped their price target on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Citigroup increased their price target on shares of Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Finally, Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Harley-Davidson Stock Down 7.2 %

Shares of HOG opened at $31.67 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $4.26 billion, a PE ratio of 7.04, a P/E/G ratio of 1.28 and a beta of 1.44. The firm’s 50 day moving average is $36.63 and its 200-day moving average is $35.86. Harley-Davidson, Inc. has a 12 month low of $25.43 and a 12 month high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.23. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 EPS. Equities research analysts forecast that Harley-Davidson, Inc. will post 4.19 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a yield of 2.18%. Harley-Davidson’s dividend payout ratio is 15.33%.

Harley-Davidson declared that its board has approved a stock repurchase plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.