Brokers Offer Predictions for Harley-Davidson Inc’s FY2017 Earnings (HOG)

Harley-Davidson Inc (NYSE:HOG) – KeyCorp reduced their FY2017 EPS estimates for Harley-Davidson in a research report issued to clients and investors on Monday. KeyCorp analyst B. Andress now anticipates that the company will earn $3.35 per share for the year, down from their previous estimate of $3.40. KeyCorp also issued estimates for Harley-Davidson’s FY2018 earnings at $3.40 EPS.

Several other brokerages have also recently issued reports on HOG. Wedbush lowered their price objective on shares of Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 10th. Longbow Research cut shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price objective (up previously from $49.00) on shares of Harley-Davidson in a research note on Wednesday. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, Goldman Sachs Group cut shares of Harley-Davidson to a “hold” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.12.

Harley-Davidson (NYSE HOG) opened at $53.00 on Thursday. The company has a market cap of $8,920.00, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. Harley-Davidson has a 52 week low of $44.52 and a 52 week high of $63.40.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, December 14th. Harley-Davidson’s dividend payout ratio is currently 45.77%.

In related news, insider Lawrence G. Hund sold 8,660 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total transaction of $405,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Levatich sold 19,447 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the sale, the chief executive officer now owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,966 shares of company stock valued at $1,435,298. 0.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Harley-Davidson by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after acquiring an additional 267,352 shares during the last quarter. Capital Research Global Investors lifted its stake in Harley-Davidson by 605.1% in the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after acquiring an additional 14,359,571 shares during the last quarter. BlackRock Inc. lifted its stake in Harley-Davidson by 1.5% in the second quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after acquiring an additional 154,675 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in Harley-Davidson by 53.3% in the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after acquiring an additional 2,815,749 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Harley-Davidson by 18.1% in the third quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock valued at $153,476,000 after acquiring an additional 488,628 shares during the last quarter. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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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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