Harley-Davidson Inc. (NYSE:HOG) – Equities research analysts at Wedbush lowered their Q3 2016 EPS estimates for Harley-Davidson in a report released on Tuesday. Wedbush analyst J. Hardiman now anticipates that the brokerage will earn $0.62 per share for the quarter, down from their previous forecast of $0.66. Wedbush has a “Hold” rating on the stock. Wedbush also issued estimates for Harley-Davidson’s FY2016 earnings at $3.89 EPS.
Several other research analysts also recently issued reports on the stock. Vetr upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.25 target price on the stock in a research note on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a $66.00 target price on shares of Harley-Davidson in a research note on Friday, September 9th. Sanford C. Bernstein assumed coverage on shares of Harley-Davidson in a research note on Thursday, September 8th. They issued an “outperform” rating and a $64.00 target price on the stock. Longbow Research downgraded shares of Harley-Davidson from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $52.57 to $40.00 in a research report on Monday, August 29th. Finally, Citigroup Inc. increased their price objective on shares of Harley-Davidson from $51.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $51.40.
Harley-Davidson (NYSE:HOG) opened at 52.52 on Thursday. The firm has a 50-day moving average of $52.79 and a 200 day moving average of $48.73. The company has a market capitalization of $9.48 billion, a P/E ratio of 13.98 and a beta of 1.09. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm earned $1.86 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $1.44 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. raised its position in Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock valued at $113,000 after buying an additional 929 shares during the period. Tower Research Capital LLC TRC raised its position in Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock valued at $141,000 after buying an additional 2,417 shares during the period. Pacer Advisors Inc. raised its position in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock valued at $164,000 after buying an additional 247 shares during the period. Tredje AP fonden raised its position in Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock valued at $174,000 after buying an additional 3,590 shares during the period. Finally, Cutler Capital Management LLC raised its position in Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock valued at $181,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.
In other Harley-Davidson news, VP Paul J. Jones sold 2,517 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lawrence G. Hund sold 12,537 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the transaction, the insider now owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were given a dividend of $0.35 per share. The ex-dividend date was Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 2.67%. Harley-Davidson’s dividend payout ratio (DPR) is currently 36.65%.
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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