Harley-Davidson Inc (NYSE:HOG) – Equities researchers at William Blair decreased their Q2 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. William Blair analyst S. Zackfia now anticipates that the company will earn $ 1.60 per share for the quarter, down from their prior forecast of $ 1.61. William Blair also issued estimates for Harley-Davidson’s Q4 2017 earnings at $ 0.47 EPS and FY2017 earnings at $ 3.91 EPS.
Other research analysts have also issued research 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 lowered their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Barclays PLC reaffirmed an “equal weight” rating and set a $ 52.00 price target (down previously from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Argus reaffirmed 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 price target on Harley-Davidson and gave the stock a “hold” rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded up 1.43% on Wednesday, reaching $ 58.03. 1,182,796 shares of the company were exchanged. The stock has a market capitalization of $ 10.21 billion, a price-to-earnings ratio of 16.55 and a beta of 0.88. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm’s 50 day moving average price is $ 59.93 and its 200 day moving average price is $ 58.30.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $ 1.36 earnings per share.
Several hedge funds have recently added to or reduced their stakes in HOG. Dodge & Cox bought a new stake in Harley-Davidson during the fourth quarter worth $ 517,798,000. Independent Franchise Partners LLP increased its stake 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 worth $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp increased its stake in Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares during the last quarter. BlackRock Fund Advisors increased its stake in Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock worth $ 150,281,000 after buying an additional 60,156 shares during the last quarter. Finally, Kiltearn Partners LLP increased its stake in Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock worth $ 155,120,000 after buying an additional 183,300 shares during the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.
In related news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the sale, the vice president now owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock valued at $ 5,912,378 over the last 90 days. 0.99% of the stock is currently owned by corporate insiders.
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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