Harley-Davidson Inc. (HOG) Announces Earnings Results
Harley-Davidson Inc. (NYSE:HOG) posted its earnings results on Tuesday. The company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%.
Harley-Davidson (NYSE:HOG) opened at 49.70 on Tuesday. The company has a market cap of $8.98 billion, a PE ratio of 13.23 and a beta of 1.05. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33. The company has a 50-day moving average of $51.52 and a 200 day moving average of $48.99.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.82%. The ex-dividend date was Friday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is presently 36.65%.
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Several research firms have weighed in on HOG. Wedbush restated a “hold” rating on shares of Harley-Davidson in a report on Saturday, September 17th. Barclays PLC lowered Harley-Davidson from an “equal weight” rating to an “underperform” rating and dropped their price objective for the stock from $49.00 to $45.00 in a research note on Friday, July 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 price objective on shares of Harley-Davidson in a research note on Friday. RBC Capital Markets reiterated an “underperform” rating and issued a $43.00 price objective on shares of Harley-Davidson in a research note on Friday, July 29th. Finally, UBS AG reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and an average target price of $51.16.
In other news, VP Paul J. Jones sold 2,517 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lawrence G. Hund sold 12,537 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $53.23, for a total transaction of $667,344.51. Following the transaction, the insider now directly owns 16,922 shares in the company, valued at $900,758.06. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock valued at $164,000 after buying an additional 247 shares in the last quarter. Tredje AP fonden raised its stake in Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock valued at $174,000 after buying an additional 3,590 shares in the last quarter. Boyar Asset Management Inc. raised its stake in Harley-Davidson by 14.5% in the second quarter. Boyar Asset Management Inc. now owns 4,642 shares of the company’s stock valued at $210,000 after buying an additional 589 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Harley-Davidson by 482.2% in the second quarter. Johnson Financial Group Inc. now owns 4,675 shares of the company’s stock valued at $212,000 after buying an additional 3,872 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its stake in Harley-Davidson by 19.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 5,500 shares of the company’s stock valued at $249,000 after buying an additional 900 shares in the last quarter. 94.88% of the stock is currently owned by institutional investors.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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