Harley-Davidson Inc (NYSE:HOG) – Analysts at Wedbush lifted their Q1 2017 earnings estimates for shares of Harley-Davidson in a research report issued on Monday, Zacks Investment Research reports. Wedbush analyst J. Hardiman now expects that the company will post earnings of $ 1.07 per share for the quarter, up from their prior forecast of $ 1.04. Wedbush has a “Neutral” rating and a $ 53.00 price objective on the stock. Wedbush also issued estimates for Harley-Davidson’s FY2017 earnings at $ 3.93 EPS and FY2018 earnings at $ 4.22 EPS.
HOG has been the topic of several other reports. Citigroup Inc decreased their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Morgan Stanley reissued an “overweight” rating and set a $ 59.00 price target (down from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Royal Bank of Canada increased their price target on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $ 55.00 price target (down from $ 57.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $ 56.12.
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Shares of Harley-Davidson (NYSE:HOG) traded up 0.11% during trading on Wednesday, hitting $ 55.62. The stock had a trading volume of 1,531,413 shares. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The stock’s 50-day moving average price is $ 59.29 and its 200 day moving average price is $ 58.51. The stock has a market cap of $ 9.79 billion, a price-to-earnings ratio of 15.86 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The business earned $ 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 business’s revenue was down 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $ 1.36 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.62%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
In other Harley-Davidson news, 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 $ 314,148.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 103,960 shares of company stock worth $ 5,912,378. Company insiders own 0.99% of the company’s stock.
Large investors have recently bought and sold shares of the company. Dodge & Cox bought a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 517,798,000. Norges Bank bought a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 115,866,000. Schroder Investment Management Group raised its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $ 70,408,000 after buying an additional 1,111,788 shares during the last quarter. AKO Capital LLP bought a new stake in shares of Harley-Davidson during the first quarter worth approximately $ 26,336,000. Finally, FMR LLC raised its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.
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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