Harley-Davidson Inc (NYSE:HOG) – Research analysts at Wedbush increased their Q1 2017 earnings per share estimates for shares of Harley-Davidson in a report released on Monday, according to Zacks Investment Research. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of $ 1.07 for the quarter, up from their prior forecast of $ 1.04. Wedbush currently has a “Neutral” rating and a $ 53.00 target price on the stock. Wedbush also issued estimates for Harley-Davidson’s FY2017 earnings at $ 3.93 EPS and FY2018 earnings at $ 4.22 EPS.
A number of other equities analysts also recently commented on the stock. Sanford C. Bernstein reduced their price objective on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. Barclays PLC reissued an “equal weight” rating and issued a $ 52.00 price objective (down previously from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and issued a $ 50.00 price objective (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Royal Bank of Canada reduced their price objective on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.50% on Wednesday, hitting $ 56.11. The stock had a trading volume of 1,506,919 shares. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40. The company has a market cap of $ 9.88 billion, a P/E ratio of 16.00 and a beta of 0.88. The company has a 50-day moving average of $ 59.76 and a 200-day moving average of $ 58.51.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm earned $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the prior year, the company earned $ 1.36 EPS. The business’s revenue was down 15.7% compared to the same quarter last year.
The company 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is currently 38.22%.
In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,960 shares of company stock worth $ 5,912,378. Corporate insiders own 0.99% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dodge & Cox bought a new position in Harley-Davidson during the fourth quarter valued at $ 517,798,000. Norges Bank bought a new position in Harley-Davidson during the fourth quarter valued at $ 115,866,000. Schroder Investment Management Group increased its position in Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock valued at $ 70,408,000 after buying an additional 1,111,788 shares during the period. 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 period. Finally, Renaissance Technologies LLC increased its position in Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $ 22,373,000 after buying an additional 368,800 shares during the period. Hedge funds and other institutional investors own 89.54% 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.
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