Bailard Inc. Has $803,000 Holdings in Harley-Davidson, Inc. $HOG

Bailard Inc. boosted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 77.0% in the second quarter, HoldingsChannel reports. The firm owned 34,031 shares of the company’s stock after acquiring an additional 14,802 shares during the period. Bailard Inc.’s holdings in Harley-Davidson were worth $803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares during the last quarter. Financial Harvest LLC bought a new position in Harley-Davidson during the 1st quarter worth approximately $30,000. UMB Bank n.a. grew its holdings in Harley-Davidson by 68.3% during the second quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock valued at $52,000 after purchasing an additional 892 shares during the period. Geneos Wealth Management Inc. increased its stake in Harley-Davidson by 153.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after purchasing an additional 1,278 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Harley-Davidson in the first quarter worth $54,000. Institutional investors own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HOG shares. UBS Group decreased their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Research lowered Harley-Davidson from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Griffin Securities set a $34.00 price target on Harley-Davidson in a research report on Monday, August 25th. DA Davidson cut their price objective on Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Monday. Finally, Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.43.

Harley-Davidson Stock Performance

HOG opened at $24.84 on Friday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.40 and a beta of 1.39. The business’s 50-day moving average price is $27.66 and its two-hundred day moving average price is $25.93. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $35.21. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 earnings per share for the quarter, topping the consensus estimate of $1.38 by $1.72. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. Equities analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, September 10th. Harley-Davidson’s dividend payout ratio (DPR) is 17.48%.

Harley-Davidson 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.