Harley-Davidson Inc (NYSE:HOG) – Analysts at Wedbush dropped their Q2 2017 earnings estimates for Harley-Davidson in a report issued on Tuesday. Wedbush analyst J. Hardiman now expects that the company will post earnings of $ 1.40 per share for the quarter, down from their previous forecast of $ 1.56. Wedbush has a “Neutral” rating and a $ 53.00 price target on the stock. Wedbush also issued estimates for Harley-Davidson’s Q3 2017 earnings at $ 0.78 EPS and Q4 2017 earnings at $ 0.49 EPS.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company earned $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period last year, the company posted $ 1.36 EPS. Harley-Davidson’s revenue was down 15.7% on a year-over-year basis.
Several other brokerages have also recently issued reports on HOG. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Royal Bank of Canada lifted their price target on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $ 49.00 price target on shares of Harley-Davidson in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and an average target price of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 56.41 on Thursday. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a 50-day moving average of $ 60.15 and a 200 day moving average of $ 58.07. The stock has a market capitalization of $ 9.85 billion, a PE ratio of 14.73 and a beta of 0.88. Harley-Davidson also saw unusually large options trading activity on Monday. Investors purchased 4,888 put options on the stock. This is an increase of approximately 482% compared to the typical daily volume of 840 put options.
Several hedge funds have recently bought and sold shares of HOG. NN Investment Partners Holdings N.V. boosted its position in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock worth $ 178,000 after buying an additional 1,853 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock worth $ 201,000 after buying an additional 700 shares during the period. Stokes & Hubbell Capital Management LLC acquired a new position in shares of Harley-Davidson during the first quarter worth about $ 201,000. Cpcm LLC acquired a new position in shares of Harley-Davidson during the fourth quarter worth about $ 203,000. Finally, Putnam Investments LLC acquired a new position in shares of Harley-Davidson during the fourth quarter worth about $ 204,000. 89.54% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares in the company, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,960 shares of company stock worth $ 5,912,378. Corporate insiders own 0.99% of the company’s stock.
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.