Harley-Davidson Inc (NYSE:HOG) – Analysts at William Blair decreased their FY2018 earnings per share estimates for shares of Harley-Davidson in a research report issued on Tuesday. William Blair analyst S. Zackfia now expects that the company will earn $4.14 per share for the year, down from their previous forecast of $4.22.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share.
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Other research analysts have also recently issued reports about the company. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Citigroup Inc decreased their target price on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada set a $58.00 target price on Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, February 1st. Finally, Wedbush reissued a “hold” rating and issued a $53.00 target price (up from $48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $56.29.
Shares of Harley-Davidson (NYSE:HOG) traded down 1.13% during trading on Thursday, hitting $55.83. The stock had a trading volume of 1,883,015 shares. The company’s 50 day moving average price is $60.09 and its 200 day moving average price is $58.06. Harley-Davidson has a 12 month low of $41.63 and a 12 month high of $63.40. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 14.58 and a beta of 0.88.
Institutional investors have recently modified their holdings of the company. K.J. Harrison & Partners Inc purchased a new position in Harley-Davidson during the third quarter valued at $1,010,000. Concert Wealth Management Inc. increased its position in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $261,000 after buying an additional 28 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new position in Harley-Davidson during the third quarter valued at $4,591,000. Great West Life Assurance Co. Can increased its position in Harley-Davidson by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 718,229 shares of the company’s stock valued at $37,759,000 after buying an additional 18,614 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock valued at $1,908,000 after buying an additional 5,927 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $56.56, for a total transaction of $172,451.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $57.00, for a total value of $51,927.00. Following the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at $125,115. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,960 shares of company stock valued at $5,912,378. 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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