Harley-Davidson Inc (NYSE:HOG) – Investment analysts at William Blair cut their Q3 2017 earnings estimates for shares of Harley-Davidson in a report issued on Monday, Zacks Investment Research reports. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $ 0.79 for the quarter, down from their prior forecast of $ 0.81. William Blair also issued estimates for Harley-Davidson’s FY2018 earnings at $ 4.22 EPS.
Several other equities analysts also recently commented on the stock. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Stifel Nicolaus reiterated a “hold” rating and set a $ 63.00 target price (up previously from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Morgan Stanley reiterated an “overweight” rating and set a $ 59.00 target price (down previously from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Finally, Wedbush reiterated a “hold” rating and set a $ 53.00 target price (up previously from $ 48.00) on shares of Harley-Davidson in a research note on Friday, January 13th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 57.21 on Tuesday. The firm’s 50 day moving average price is $ 59.93 and its 200-day moving average price is $ 58.30. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The stock has a market cap of $ 10.07 billion, a price-to-earnings ratio of 16.31 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The company earned $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the business posted $ 1.36 EPS.
In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donald A. James sold 100,000 shares of the company’s 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 transaction, the director now owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock valued at $ 5,912,378 over the last three months. 0.99% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Glen Harbor Capital Management LLC raised its position in shares of Harley-Davidson by 166.0% in the first quarter. Glen Harbor Capital Management LLC now owns 29,920 shares of the company’s stock valued at $ 1,810,000 after buying an additional 18,672 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Harley-Davidson by 1.9% in the first quarter. Nationwide Fund Advisors now owns 49,829 shares of the company’s stock valued at $ 3,015,000 after buying an additional 923 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Harley-Davidson by 1,794.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 144,974 shares of the company’s stock valued at $ 8,771,000 after buying an additional 137,321 shares during the last quarter. Northern Capital Management LLC acquired a new stake in Harley-Davidson during the first quarter valued at approximately $ 1,285,000. Finally, DnB Asset Management AS raised its stake in Harley-Davidson by 11.6% in the first quarter. DnB Asset Management AS now owns 16,411 shares of the company’s stock valued at $ 993,000 after buying an additional 1,700 shares in 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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