Harley-Davidson Inc (NYSE:HOG) – Wedbush reduced their FY2017 earnings estimates for shares of Harley-Davidson in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Wedbush analyst J. Hardiman now forecasts that the company will earn $ 3.73 per share for the year, down from their prior estimate of $ 3.93. Wedbush has a “Neutral” rating and a $ 53.00 price objective on the stock. Wedbush also issued estimates for Harley-Davidson’s FY2018 earnings at $ 4.04 EPS.
Other research analysts also recently issued reports about the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $ 49.00 price target on shares of Harley-Davidson in a report on Thursday, April 6th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 price target on shares of Harley-Davidson in a report on Tuesday, April 18th. Sanford C. Bernstein lowered their price target on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. UBS Group AG reaffirmed a “neutral” rating and set a $ 57.00 price target on shares of Harley-Davidson in a report on Monday, April 17th. Finally, Royal Bank of Canada lowered their price target on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $ 56.12.
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Shares of Harley-Davidson (NYSE:HOG) traded up 1.02% during trading on Friday, reaching $ 56.19. The company’s stock had a trading volume of 1,729,673 shares. The stock’s 50 day moving average is $ 59.11 and its 200 day moving average is $ 58.56. The firm has a market cap of $ 9.89 billion, a P/E ratio of 16.02 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 quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating 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 business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period last year, the business earned $ 1.36 EPS. The business’s revenue was down 15.7% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.
In related news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was 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 approximately $ 125,115. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock worth $ 5,912,378 in the last ninety days. Corporate insiders own 0.99% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HOG. Toronto Dominion Bank boosted 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 valued at $ 2,879,000 after buying an additional 17,090 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Harley-Davidson by 31.4% in the first quarter. Ameriprise Financial Inc. now owns 726,341 shares of the company’s stock valued at $ 43,944,000 after buying an additional 173,405 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Harley-Davidson by 29.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,081 shares of the company’s stock valued at $ 791,000 after buying an additional 2,948 shares in the last quarter. Commerce Bank boosted its stake in Harley-Davidson by 4.6% in the first quarter. Commerce Bank now owns 6,168 shares of the company’s stock valued at $ 373,000 after buying an additional 270 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its stake in Harley-Davidson by 166.0% in the first quarter. Neuburgh Advisers LLC now owns 63,580 shares of the company’s stock valued at $ 3,847,000 after buying an additional 39,678 shares in the last quarter. Hedge funds and other 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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