Harley-Davidson, Inc. (NYSE:HOG) - Investment analysts at Wedbush lowered their FY2017 EPS estimates for shares of Harley-Davidson in a research note issued on Wednesday. Wedbush analyst J. Hardiman now expects that the company will post earnings of $3.41 per share for the year, down from their prior forecast of $3.71. Wedbush currently has a “Neutral” rating and a $53.00 target price on the stock. Wedbush also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.48 EPS and FY2018 earnings at $3.64 EPS.
A number of other research firms have also recently weighed in on HOG. Barclays PLC lowered their target price on shares of Harley-Davidson from $52.00 to $45.00 and set an “underperform” rating on the stock in a research note on Wednesday. Goldman Sachs Group, Inc. (The) dropped their price objective on shares of Harley-Davidson from $51.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday. Longbow Research reiterated a “neutral” rating on shares of Harley-Davidson in a research note on Friday, July 14th. Stifel Nicolaus dropped their price objective on shares of Harley-Davidson from $61.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $54.83.
Shares of Harley-Davidson (NYSE HOG) opened at 48.77 on Thursday. The firm’s 50-day moving average price is $53.34 and its 200-day moving average price is $56.71. Harley-Davidson has a one year low of $46.00 and a one year high of $63.40. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 13.91 and a beta of 0.86. Harley-Davidson also was the target of unusually large options trading activity on Monday. Traders bought 26,268 put options on the company. This is an increase of approximately 573% compared to the average daily volume of 3,906 put options.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $1,053,712,000 after buying an additional 534,966 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $639,479,000 after buying an additional 10,217,239 shares during the period. LSV Asset Management boosted its stake in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock worth $242,267,000 after buying an additional 80,843 shares during the period. Morgan Stanley boosted its stake in shares of Harley-Davidson by 10.1% in the first quarter. Morgan Stanley now owns 3,533,329 shares of the company’s stock worth $213,767,000 after buying an additional 322,982 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Harley-Davidson by 4.3% in the first quarter. Wellington Management Group LLP now owns 3,480,613 shares of the company’s stock worth $210,576,000 after buying an additional 144,255 shares during the period. Institutional investors and hedge funds own 84.94% of the company’s stock.
About Harley-Davidson
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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