Harley-Davidson, Inc. (NYSE:HOG) – Research analysts at William Blair reduced their Q4 2017 EPS estimates for shares of Harley-Davidson in a research note issued to investors on Monday. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.46 for the quarter, down from their prior estimate of $0.47.
Other analysts also recently issued research reports about the company. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine raised Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $56.00 target price on shares of Harley-Davidson in a research note on Friday, September 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.38.
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Harley-Davidson (NYSE HOG) traded down 1.001% during midday trading on Thursday, hitting $45.995. The stock had a trading volume of 412,300 shares. The stock has a 50-day moving average price of $47.66 and a 200 day moving average price of $52.14. Harley-Davidson has a one year low of $45.53 and a one year high of $63.40. The firm has a market cap of $8.02 billion, a PE ratio of 13.469 and a beta of 0.87.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Northside Capital Management LLC acquired a new position in shares of Harley-Davidson in the 1st quarter worth $218,000. Geneva Advisors LLC grew its holdings in shares of Harley-Davidson by 5.4% in the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after acquiring an additional 200 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Harley-Davidson by 20.7% in the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after acquiring an additional 700 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Harley-Davidson by 2.5% in the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after acquiring an additional 102 shares during the last quarter. Finally, Invictus RG grew its holdings in shares of Harley-Davidson by 1,518.5% in the 1st quarter. Invictus RG now owns 4,208 shares of the company’s stock worth $255,000 after acquiring an additional 3,948 shares during the last quarter. Institutional investors and hedge funds own 91.04% of the company’s stock.
In related news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the transaction, the insider now directly owns 23,673 shares in the company, valued at approximately $1,116,892.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, September 11th. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.44%.
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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