Harley-Davidson Inc (NYSE:HOG) posted its quarterly earnings data on Tuesday. The company reported $ 1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period in the prior year, the company posted $ 1.36 earnings per share. Harley-Davidson’s revenue for the quarter was down 15.7% compared to the same quarter last year.
Harley-Davidson (NYSE:HOG) opened at 56.22 on Wednesday. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a market capitalization of $ 9.89 billion, a price-to-earnings ratio of 16.03 and a beta of 0.88. The firm has a 50 day moving average of $ 59.21 and a 200-day moving average of $ 58.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
In related 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 directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.99% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HOG. JPMorgan Chase & Co. increased its stake in shares of Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock valued at $ 6,410,000 after buying an additional 5,659 shares during the period. Todd Asset Management LLC increased its stake in shares of Harley-Davidson by 7.2% in the third quarter. Todd Asset Management LLC now owns 286,060 shares of the company’s stock valued at $ 15,044,000 after buying an additional 19,206 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock valued at $ 2,058,000 after buying an additional 665 shares during the period. Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Harley-Davidson by 7.2% in the third quarter. State of Wisconsin Investment Board now owns 519,268 shares of the company’s stock valued at $ 27,308,000 after buying an additional 35,100 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.
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HOG has been the subject of several recent analyst reports. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Stifel Nicolaus reiterated a “hold” rating and set a $ 63.00 price objective (up from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 54.00 price objective on shares of Harley-Davidson in a research report on Tuesday, April 18th. 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 investment analyst has rated the stock with a sell rating, eighteen have issued 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 target price 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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