Shares of Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) dropped 5.2% on Wednesday following a weaker than expected earnings announcement. The company traded as low as $25.31 and last traded at $25.43. Approximately 1,493,394 shares traded hands during trading, a decline of 28% from the average daily volume of 2,082,140 shares. The stock had previously closed at $26.82.
The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 17.79% and a net margin of 11.31%. During the same quarter last year, the business earned $0.18 earnings per share.
Harley-Davidson Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson's dividend payout ratio is 15.54%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on HOG. Citigroup lowered their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday. StockNews.com raised shares of Harley-Davidson from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday. DA Davidson decreased their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, UBS Group decreased their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $34.57.
Read Our Latest Stock Analysis on HOG
Institutional Trading of Harley-Davidson
Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Venturi Wealth Management LLC increased its holdings in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock valued at $26,000 after buying an additional 554 shares during the period. Prospera Private Wealth LLC bought a new position in Harley-Davidson in the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new position in Harley-Davidson in the 3rd quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Harley-Davidson in the 4th quarter valued at about $42,000. Finally, Global Retirement Partners LLC increased its holdings in Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after buying an additional 846 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.
Harley-Davidson Trading Up 1.2 %
The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The stock has a market capitalization of $3.40 billion, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 0.33 and a beta of 1.46. The firm's fifty day simple moving average is $30.04 and its 200 day simple moving average is $33.60.
About Harley-Davidson
(
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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.
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