Envestnet Asset Management Inc. Increases Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Envestnet Asset Management Inc. increased its position in Harley-Davidson, Inc. (NYSE:HOG) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,148 shares of the company’s stock after buying an additional 5,070 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Harley-Davidson were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its position in Harley-Davidson by 191.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company’s stock valued at $133,000 after buying an additional 2,626 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Harley-Davidson during the 2nd quarter worth $508,000. Qsemble Capital Management LP acquired a new stake in Harley-Davidson in the 2nd quarter valued at $618,000. American Century Companies Inc. increased its holdings in Harley-Davidson by 42.8% in the 2nd quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock valued at $75,932,000 after purchasing an additional 678,092 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in Harley-Davidson by 7.8% in the second quarter. Texas Permanent School Fund Corp now owns 119,423 shares of the company’s stock valued at $4,005,000 after purchasing an additional 8,623 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Down 1.2 %

HOG stock opened at $34.78 on Friday. The company has a market capitalization of $4.68 billion, a P/E ratio of 7.73, a PEG ratio of 1.41 and a beta of 1.44. The firm has a 50 day simple moving average of $37.06 and a 200-day simple moving average of $36.67. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. Harley-Davidson, Inc. has a twelve month low of $25.43 and a twelve month high of $44.16.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.22 EPS. The company’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Harley-Davidson, Inc. will post 4.32 earnings per share for the current fiscal year.

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

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s dividend payout ratio is presently 15.33%.

Analyst Ratings Changes

HOG has been the subject of several analyst reports. UBS Group upped their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $40.00 in a report on Wednesday. Citigroup increased their price objective on shares of Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Harley-Davidson presently has a consensus rating of “Moderate Buy” and an average target price of $45.43.

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.