Harley-Davidson Inc (NYSE:HOG) – Equities research analysts at William Blair decreased their FY2017 earnings per share (EPS) estimates for Harley-Davidson in a note issued to investors on Monday. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $ 3.77 for the year, down from their previous forecast of $ 3.80.
HOG has been the topic of a number of other research reports. Sanford C. Bernstein reduced their price objective on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock 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 Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. Harley-Davidson has an average rating of “Hold” and an average price target of $ 56.12.
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Shares of Harley-Davidson (NYSE:HOG) opened at 54.11 on Tuesday. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The company has a market capitalization of $ 9.52 billion, a PE ratio of 15.43 and a beta of 0.88. The company’s 50 day moving average is $ 58.01 and its 200-day moving average is $ 58.57.
Harley-Davidson (NYSE:HOG) last posted 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. The company had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $ 1.36 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in HOG. NN Investment Partners Holdings N.V. raised its position in 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 valued at $ 178,000 after buying an additional 1,853 shares during the last quarter. Wayne Hummer Investments L.L.C. bought a new position in Harley-Davidson during the first quarter valued at $ 200,000. Stokes & Hubbell Capital Management LLC bought a new position in Harley-Davidson during the first quarter valued at $ 201,000. Independent Advisor Alliance raised its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $ 200,000 after buying an additional 2,772 shares during the last quarter. Finally, Appleton Group LLC bought a new position in Harley-Davidson during the first quarter valued at $ 210,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 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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