Harley-Davidson Inc (NYSE:HOG) – Equities researchers at William Blair lowered their FY2020 EPS estimates for Harley-Davidson in a report issued on Tuesday, July 28th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.96 for the year, down from their prior estimate of $1.38. William Blair has a “Hold” rating on the stock. William Blair also issued estimates for Harley-Davidson’s Q4 2020 earnings at $0.24 EPS and FY2021 earnings at $2.45 EPS.
Other research analysts also recently issued research reports about the company. Wedbush reissued an “outperform” rating and issued a $36.00 target price (up previously from $27.00) on shares of Harley-Davidson in a report on Thursday, July 16th. ValuEngine raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Thursday, April 30th. Wolfe Research raised Harley-Davidson from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Thursday, June 25th. Royal Bank of Canada raised Harley-Davidson from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $19.00 to $28.00 in a report on Friday, July 10th. Finally, UBS Group raised Harley-Davidson from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $31.00 in a report on Wednesday, July 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.93.
HOG stock opened at $26.03 on Friday. Harley-Davidson has a fifty-two week low of $14.31 and a fifty-two week high of $40.89. The business’s 50-day moving average is $25.85 and its two-hundred day moving average is $25.74. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.95 and a current ratio of 1.46. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 53.12, a P/E/G ratio of 4.78 and a beta of 1.44.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.47). Harley-Davidson had a net margin of 1.72% and a return on equity of 9.55%. The business had revenue of $669.27 million for the quarter, compared to the consensus estimate of $763.47 million. During the same period in the previous year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was down 53.3% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, September 9th. Harley-Davidson’s dividend payout ratio is currently 2.38%.
In other Harley-Davidson news, Chairman Jochen Zeitz bought 97,850 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $21.26 per share, for a total transaction of $2,080,291.00. Following the completion of the transaction, the chairman now owns 97,850 shares of the company’s stock, valued at approximately $2,080,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Verus Capital Partners LLC grew its position in shares of Harley-Davidson by 26.7% during the first quarter. Verus Capital Partners LLC now owns 2,246 shares of the company’s stock worth $43,000 after purchasing an additional 473 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Harley-Davidson by 1.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 43,855 shares of the company’s stock valued at $831,000 after buying an additional 600 shares in the last quarter. Texas Permanent School Fund grew its holdings in Harley-Davidson by 2.6% during the 1st quarter. Texas Permanent School Fund now owns 28,011 shares of the company’s stock valued at $530,000 after buying an additional 709 shares in the last quarter. MML Investors Services LLC grew its holdings in Harley-Davidson by 7.4% during the 1st quarter. MML Investors Services LLC now owns 10,854 shares of the company’s stock valued at $205,000 after buying an additional 745 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Harley-Davidson by 2.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,243 shares of the company’s stock valued at $667,000 after buying an additional 760 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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