Harley-Davidson (NYSE:HOG) Issues Quarterly Earnings Results

Harley-Davidson (NYSE:HOG) posted its quarterly earnings data on Thursday. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.24, reports. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%.

Harley-Davidson Price Performance

HOG stock traded up $1.52 during trading on Friday, reaching $34.75. 3,444,400 shares of the company were exchanged, compared to its average volume of 2,151,589. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.25 and a current ratio of 1.54. The stock’s 50 day moving average price is $39.81 and its 200 day moving average price is $34.96. Harley-Davidson has a 52-week low of $25.43 and a 52-week high of $44.16. The company has a market cap of $4.67 billion, a P/E ratio of 7.72, a PEG ratio of 2.26 and a beta of 1.43.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were paid a $0.1725 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 1.99%. Harley-Davidson’s dividend payout ratio (DPR) is 15.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BMO Capital Markets cut their price target on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday. Bank of America upped their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. UBS Group lifted their target price on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Morgan Stanley assumed coverage on shares of Harley-Davidson in a research note on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 price target on the stock. Finally, Citigroup raised their price objective on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.43.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Harley-Davidson by 95.0% in the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Harley-Davidson in the first quarter valued at $39,000. BKM Wealth Management LLC purchased a new position in shares of Harley-Davidson in the fourth quarter valued at $36,000. Principal Securities Inc. acquired a new position in shares of Harley-Davidson during the 4th quarter worth $38,000. Finally, Lindbrook Capital LLC raised its stake in shares of Harley-Davidson by 66.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock worth $39,000 after buying an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.