Harley-Davidson Inc (NYSE:HOG) issued its quarterly earnings data on Tuesday. The company reported $ 1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $ 1.36 earnings per share.
Harley-Davidson (NYSE:HOG) traded down 2.10% during trading on Friday, reaching $ 56.81. 2,655,243 shares of the company traded hands. The firm has a 50-day moving average price of $ 59.86 and a 200-day moving average price of $ 58.34. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The company has a market capitalization of $ 10.00 billion, a P/E ratio of 16.20 and a beta of 0.88.
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A number of research analysts recently weighed in on HOG shares. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Morgan Stanley reiterated an “overweight” rating and issued a $ 59.00 price target (down from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Finally, DA Davidson upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $ 56.12.
In other news, Director Donald A. James sold 100,000 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the sale, the vice president now directly owns 2,195 shares in the company, valued at approximately $ 125,115. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock worth $ 5,912,378 in the last three months. Corporate insiders own 0.99% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. NN Investment Partners Holdings N.V. boosted its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $ 178,000 after buying an additional 1,853 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $ 201,000 after buying an additional 700 shares during the period. Stokes & Hubbell Capital Management LLC purchased a new stake in shares of Harley-Davidson during the first quarter valued at $ 201,000. Cpcm LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $ 203,000. Finally, Putnam Investments LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $ 204,000. 89.54% of the stock is currently owned by institutional investors and hedge funds.
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.
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