Harley-Davidson Inc (NYSE:HOG) posted its quarterly earnings results on Tuesday. The company reported $ 1.05 earnings per share for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $ 1.36 EPS.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.27% during trading on Friday, hitting $ 52.62. The company had a trading volume of 2,321,412 shares. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm’s 50 day moving average is $ 57.56 and its 200-day moving average is $ 58.49. The stock has a market capitalization of $ 9.26 billion, a P/E ratio of 15.00 and a beta of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.77%. Harley-Davidson’s dividend payout ratio is 38.22%.
Institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. raised its position in 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 worth $ 178,000 after buying an additional 1,853 shares during the last quarter. Independent Advisor Alliance raised its position in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $ 200,000 after buying an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. acquired a new position in shares of Harley-Davidson during the first quarter valued at $ 200,000. Tower Research Capital LLC TRC raised its position 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 in the last quarter. Finally, Stokes & Hubbell Capital Management LLC acquired a new position in shares of Harley-Davidson during the first quarter valued at $ 201,000. Institutional investors and hedge funds own 89.54% of the company’s stock.
Several research firms have recently weighed in on HOG. Royal Bank of Canada set a $ 58.00 price target on Harley-Davidson and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Citigroup Inc cut their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Barclays PLC restated an “equal weight” rating and issued a $ 52.00 target price (down previously from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $ 56.12.
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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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