Harley-Davidson Inc (NYSE:HOG) – Equities researchers at William Blair decreased their FY2018 earnings per share estimates for shares of Harley-Davidson in a report released on Tuesday. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $ 4.14 per share for the year, down from their previous forecast of $ 4.22.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results 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. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. 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 business posted $ 1.36 earnings per share. The company’s quarterly revenue was down 15.7% compared to the same quarter last year.
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Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $ 50.00 target price (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Thursday. Royal Bank of Canada dropped their target price on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a report on Wednesday. Wedbush lowered their price target on Harley-Davidson from $ 55.00 to $ 53.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Goldman Sachs Group Inc reaffirmed a “neutral” rating and issued a $ 54.00 price target on shares of Harley-Davidson in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $ 56.29.
Shares of Harley-Davidson (NYSE:HOG) traded down 1.13% during trading on Thursday, reaching $ 55.83. 1,883,015 shares of the company’s stock were exchanged. The stock has a market cap of $ 9.75 billion, a PE ratio of 14.58 and a beta of 0.88. The stock’s 50 day moving average price is $ 60.09 and its 200-day moving average price is $ 58.06. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.
Several hedge funds have recently modified their holdings of HOG. NN Investment Partners Holdings N.V. raised its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock worth $ 178,000 after buying an additional 1,853 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock worth $ 201,000 after buying an additional 700 shares in the last quarter. Stokes & Hubbell Capital Management LLC purchased a new stake in shares of Harley-Davidson during the first quarter worth about $ 201,000. Cpcm LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter worth about $ 203,000. Finally, Putnam Investments LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter worth about $ 204,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of 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. Insiders sold 103,960 shares of company stock valued at $ 5,912,378 over the last 90 days. Company insiders own 0.99% 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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