Harley-Davidson Inc. (NYSE:HOG) – Analysts at William Blair decreased their FY2016 earnings per share (EPS) estimates for shares of Harley-Davidson in a research report issued on Monday. William Blair analyst S. Zackfia now forecasts that the firm will earn $3.84 per share for the year, down from their prior estimate of $3.85. William Blair also issued estimates for Harley-Davidson’s Q4 2016 earnings at $0.24 EPS and FY2017 earnings at $4.18 EPS.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.67 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 EPS.
A number of other research analysts have also recently commented on HOG. Wedbush reiterated a “hold” rating on shares of Harley-Davidson in a research report on Saturday, September 17th. Barclays PLC cut shares of Harley-Davidson from an “equal weight” rating to an “underperform” rating and reduced their price target for the company from $49.00 to $45.00 in a research report on Friday, July 29th. Longbow Research reiterated a “hold” rating on shares of Harley-Davidson in a research report on Wednesday, June 15th. RBC Capital Markets reiterated an “underperform” rating and set a $43.00 price target on shares of Harley-Davidson in a research report on Friday, July 29th. Finally, Vetr cut shares of Harley-Davidson from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a report on Wednesday, June 29th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.16.
Shares of Harley-Davidson (NYSE:HOG) traded up 0.410% on Wednesday, hitting $50.225. 575,909 shares of the stock were exchanged. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 13.365 and a beta of 1.05. The company has a 50 day moving average of $51.90 and a 200 day moving average of $48.98. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33.
Institutional investors have recently bought and sold shares of the company. Moore Capital Management LP acquired a new stake in Harley-Davidson during the first quarter valued at approximately $8,983,000. Natixis acquired a new stake in Harley-Davidson during the first quarter valued at approximately $6,101,000. Envestnet Asset Management Inc. increased its stake in Harley-Davidson by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 15,264 shares of the company’s stock valued at $784,000 after buying an additional 919 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Harley-Davidson during the first quarter valued at approximately $538,000. Finally, National Pension Service increased its stake in Harley-Davidson by 4.6% in the first quarter. National Pension Service now owns 138,247 shares of the company’s stock valued at $7,096,000 after buying an additional 6,034 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the transaction, the insider now owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s dividend payout ratio is presently 36.65%.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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