Harley-Davidson Inc (NYSE:HOG) issued its quarterly earnings results on Tuesday. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $ 1.36 EPS.
Harley-Davidson (NYSE:HOG) opened at 56.39 on Tuesday. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The firm has a market capitalization of $ 9.92 billion, a P/E ratio of 16.08 and a beta of 0.88. The company’s 50-day moving average price is $ 59.76 and its 200-day moving average price is $ 58.51.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.
In related news, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the transaction, the director now owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $ 5,912,378 over the last quarter. 0.99% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Dodge & Cox bought a new position in shares of Harley-Davidson during the fourth quarter worth approximately $ 517,798,000. Norges Bank bought a new position in shares of Harley-Davidson during the fourth quarter worth approximately $ 115,866,000. FMR LLC increased its position in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock worth $ 22,373,000 after buying an additional 368,800 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Harley-Davidson by 53.8% in the third quarter. TIAA CREF Investment Management LLC now owns 897,409 shares of the company’s stock worth $ 47,195,000 after buying an additional 313,981 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
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A number of equities 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. Stifel Nicolaus restated a “hold” rating and set a $ 63.00 price objective (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $ 56.12.
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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