Harley-Davidson Inc (NYSE:HOG) – Equities researchers at Northcoast Research boosted their Q3 2017 EPS estimates for shares of Harley-Davidson in a report issued on Monday, according to Zacks Investment Research. Northcoast Research analyst S. Woolf now expects that the company will earn $ 0.74 per share for the quarter, up from their prior estimate of $ 0.73. Northcoast Research also issued estimates for Harley-Davidson’s FY2017 earnings at $ 3.78 EPS, Q3 2018 earnings at $ 0.81 EPS and FY2018 earnings at $ 4.34 EPS.
Several other brokerages have also recently weighed in on HOG. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. DA Davidson upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Raymond James Financial, Inc. upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. Royal Bank of Canada raised their price objective on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 5th. Finally, Jefferies Group LLC restated a “hold” rating and set a $ 49.00 price objective on shares of Harley-Davidson in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $ 56.12.
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Shares of Harley-Davidson (NYSE:HOG) opened at 55.54 on Wednesday. The firm’s 50-day moving average is $ 59.21 and its 200-day moving average is $ 58.49. The company has a market cap of $ 9.78 billion, a PE ratio of 15.84 and a beta of 0.88. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40.
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, 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 business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the firm posted $ 1.36 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of HOG. HL Financial Services LLC increased its stake in Harley-Davidson by 3.4% in the first quarter. HL Financial Services LLC now owns 1,107,773 shares of the company’s stock worth $ 67,020,000 after buying an additional 36,563 shares during the period. Quantitative Investment Management LLC increased its stake in Harley-Davidson by 64.4% in the first quarter. Quantitative Investment Management LLC now owns 147,300 shares of the company’s stock worth $ 8,911,000 after buying an additional 57,700 shares during the period. Mutual of America Capital Management LLC increased its stake in Harley-Davidson by 2.7% in the first quarter. Mutual of America Capital Management LLC now owns 19,835 shares of the company’s stock worth $ 1,200,000 after buying an additional 515 shares during the period. State of Wisconsin Investment Board increased its stake in Harley-Davidson by 33.1% in the first quarter. State of Wisconsin Investment Board now owns 601,889 shares of the company’s stock worth $ 36,414,000 after buying an additional 149,667 shares during the period. Finally, Toronto Dominion Bank increased its stake in Harley-Davidson by 56.0% in the first quarter. Toronto Dominion Bank now owns 47,590 shares of the company’s stock worth $ 2,879,000 after buying an additional 17,090 shares during the period. Hedge funds and other institutional investors own 89.54% of the company’s stock.
In other news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.99% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.63%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
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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