Harley-Davidson Inc (NYSE:HOG) – Analysts at Northcoast Research increased their Q1 2017 earnings per share (EPS) estimates for shares of Harley-Davidson in a research note issued to investors on Monday, according to Zacks Investment Research. Northcoast Research analyst S. Woolf now expects that the company will earn $ 0.98 per share for the quarter, up from their previous forecast of $ 0.96. Northcoast Research also issued estimates for Harley-Davidson’s Q1 2018 earnings at $ 1.26 EPS.
Other research analysts have also recently issued reports about the company. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Citigroup Inc decreased their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Barclays PLC reissued an “equal weight” rating and issued a $ 52.00 target price (down from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Finally, Royal Bank of Canada set a $ 58.00 target price on Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $ 56.12.
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Shares of Harley-Davidson (NYSE:HOG) traded down 1.16% during midday trading on Tuesday, reaching $ 55.54. The company’s stock had a trading volume of 1,910,120 shares. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The stock’s 50-day moving average price is $ 59.21 and its 200-day moving average price is $ 58.49. The company has a market cap of $ 9.78 billion, a P/E ratio of 15.84 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. The business 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 company’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the company earned $ 1.36 earnings per share.
Several institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. increased its position in Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock valued at $ 2,058,000 after buying an additional 665 shares during the last quarter. FMR LLC increased its position in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares during the last quarter. Westpac Banking Corp increased its position in Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock valued at $ 7,228,000 after buying an additional 18,840 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new position in Harley-Davidson during the third quarter valued at $ 4,591,000. Finally, Independent Franchise Partners LLP increased its position in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
In other news, Director Donald A. James sold 100,000 shares of the stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the transaction, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
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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