Harley-Davidson Inc (NYSE:HOG) – Analysts at KeyCorp reduced their FY2017 earnings estimates for shares of Harley-Davidson in a research report issued to clients and investors on Monday. KeyCorp analyst B. Andress now anticipates that the company will post earnings of $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.

HOG has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, January 2nd. Goldman Sachs Group restated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Longbow Research cut shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price objective (down previously from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. Finally, Argus upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Friday, October 20th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $53.12.

Harley-Davidson (NYSE HOG) opened at $52.51 on Thursday. The company has a market cap of $8,747.98, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.65 and a beta of 0.96. Harley-Davidson has a 52-week low of $44.52 and a 52-week high of $63.40. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, December 14th. Harley-Davidson’s payout ratio is 45.63%.

In other news, insider Lawrence G. Hund sold 8,660 shares of Harley-Davidson stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total transaction of $405,980.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total transaction of $940,456.92. Following the sale, the chief executive officer now directly owns 88,646 shares in the company, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. Insiders have sold a total of 29,966 shares of company stock worth $1,435,298 in the last ninety days. Insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Harley-Davidson by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,178,128 shares of the company’s stock valued at $59,944,000 after purchasing an additional 48,390 shares in the last quarter. Marathon Asset Management LLP boosted its stake in shares of Harley-Davidson by 1.6% during the 4th quarter. Marathon Asset Management LLP now owns 1,060,408 shares of the company’s stock valued at $53,954,000 after purchasing an additional 17,034 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Harley-Davidson by 17.6% during the 4th quarter. Bank of Montreal Can now owns 85,556 shares of the company’s stock valued at $4,353,000 after purchasing an additional 12,807 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Harley-Davidson by 3.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 110,661 shares of the company’s stock valued at $5,630,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Harley-Davidson by 25.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 486,378 shares of the company’s stock valued at $23,448,000 after purchasing an additional 99,307 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

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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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