Harley-Davidson, Inc. (NYSE:HOG) announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40, Bloomberg Earnings reports. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was down 11.9% compared to the same quarter last year.
Harley-Davidson (NYSE HOG) opened at 48.80 on Friday. The stock’s 50 day moving average price is $47.91 and its 200-day moving average price is $51.26. Harley-Davidson has a 12 month low of $45.25 and a 12 month high of $63.40. The company has a market capitalization of $8.29 billion, a P/E ratio of 15.23 and a beta of 0.87.
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A number of equities research analysts recently weighed in on the company. Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Friday, October 20th. TheStreet lowered Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Stifel Nicolaus upped their price objective on Harley-Davidson from $48.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $52.50.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the completion of the transaction, the chief financial officer now directly owns 65,722 shares in the company, valued at $3,156,627.66. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Harley-Davidson by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock valued at $384,000 after buying an additional 66 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Harley-Davidson by 1.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after buying an additional 72 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after buying an additional 100 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Harley-Davidson by 2.5% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after buying an additional 102 shares during the last quarter. Finally, Norinchukin Bank The grew its holdings in shares of Harley-Davidson by 0.3% during the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after buying an additional 127 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.
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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