Northcoast Research Analysts Boost Earnings Estimates for Harley-Davidson Inc (HOG)
Harley-Davidson Inc (NYSE:HOG) – Equities researchers at Northcoast Research lifted their Q1 2018 earnings estimates for Harley-Davidson in a research report issued to clients and investors on Thursday. Northcoast Research analyst S. Woolf now forecasts that the company will earn $1.30 per share for the quarter, up from their previous forecast of $1.26. Northcoast Research also issued estimates for Harley-Davidson’s Q3 2018 earnings at $0.85 EPS.
Several other equities analysts have also recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 price target (down from $52.00) on shares of Harley-Davidson in a research report on Thursday. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Thursday. Royal Bank of Canada lowered their price target on Harley-Davidson from $60.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Wedbush lowered their price target on Harley-Davidson from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating and set a $54.00 price target on shares of Harley-Davidson in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.29.
Shares of Harley-Davidson (NYSE:HOG) traded down 1.03% on Friday, hitting $55.89. The company’s stock had a trading volume of 1,567,167 shares. The company has a 50 day moving average of $60.09 and a 200 day moving average of $58.06. The firm has a market cap of $9.76 billion, a PE ratio of 14.59 and a beta of 0.88. Harley-Davidson has a 1-year low of $41.63 and a 1-year high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $1.36 EPS. The company’s revenue was down 15.7% on a year-over-year basis.
Several hedge funds have recently modified their holdings of the company. Dodge & Cox acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $517,798,000. Independent Franchise Partners LLP boosted its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $459,909,000 after buying an additional 127,052 shares during the period. State Street Corp boosted its stake in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $465,771,000 after buying an additional 89,330 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock valued at $150,281,000 after buying an additional 60,156 shares during the period. Finally, Kiltearn Partners LLP boosted its stake in shares of Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock valued at $155,120,000 after buying an additional 183,300 shares during the period. 89.54% of the stock is owned by institutional investors and hedge funds.
In other news, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 2,195 shares of the company’s stock, valued at $125,115. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michelle Kumbier sold 3,049 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $56.56, for a total value of $172,451.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,960 shares of company stock valued at $5,912,378. 0.99% of the stock is currently owned by insiders.
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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