Envestnet Asset Management Inc. Has $499,000 Stake in Harley-Davidson, Inc. (HOG)

Envestnet Asset Management Inc. cut its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 13.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,269 shares of the company’s stock after selling 1,275 shares during the period. Envestnet Asset Management Inc.’s holdings in Harley-Davidson were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Independent Advisor Alliance boosted its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new position in Harley-Davidson during the first quarter worth about $201,000. Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter worth about $204,000. Appleton Group LLC acquired a new position in Harley-Davidson during the first quarter worth about $210,000. Finally, Contravisory Investment Management Inc. acquired a new position in Harley-Davidson during the first quarter worth about $255,000. 86.98% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson, Inc. (HOG) opened at 55.45 on Tuesday. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 15.81 and a beta of 0.81. The firm has a 50-day moving average price of $54.00 and a 200 day moving average price of $57.68. Harley-Davidson, Inc. has a 1-year low of $41.63 and a 1-year high of $63.40.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Harley-Davidson had a net margin of 12.50% and a return on equity of 31.69%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, analysts predict that Harley-Davidson, Inc. will post $3.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.365 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.46 dividend on an annualized basis and a yield of 2.63%. Harley-Davidson’s payout ratio is 41.60%.

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A number of research firms have issued reports on HOG. UBS AG reissued a “neutral” rating and issued a $57.00 target price on shares of Harley-Davidson in a research note on Monday, April 17th. Barclays PLC reissued an “equal weight” rating and issued a $52.00 target price (down from $53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Wedbush boosted their target price on Harley-Davidson from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research note on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.53.

Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HOG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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