Harley-Davidson Inc (NYSE:HOG) – Stock analysts at KeyCorp reduced their FY2017 EPS estimates for Harley-Davidson in a research note issued to 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 prior estimate of $3.40. KeyCorp also issued estimates for Harley-Davidson’s FY2018 earnings at $3.40 EPS.

A number of other brokerages have also recently commented on HOG. Goldman Sachs Group cut Harley-Davidson to a “hold” rating and set a $43.00 price target for the company. in a research note on Wednesday, January 3rd. Wedbush upped their price target on Harley-Davidson from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, December 7th. Stifel Nicolaus upped their price target on Harley-Davidson from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a research note on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.12.

Shares of Harley-Davidson (NYSE HOG) opened at $53.00 on Thursday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03. The company has a market capitalization of $8,920.00, a PE ratio of 16.61, a PEG ratio of 1.68 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a yield of 2.75%. Harley-Davidson’s payout ratio is 45.77%.

In related news, insider Lawrence G. Hund sold 8,660 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 hyperlink. Also, Director Jochen Zeitz sold 1,859 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,966 shares of company stock valued at $1,435,298. 0.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors boosted its position in Harley-Davidson by 605.1% during the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock worth $903,895,000 after acquiring an additional 14,359,571 shares during the last quarter. Independent Franchise Partners LLP boosted its position in Harley-Davidson by 53.3% during the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after acquiring an additional 2,815,749 shares during the last quarter. Janus Henderson Group PLC boosted its position in Harley-Davidson by 2,910.0% during the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock worth $30,245,000 after acquiring an additional 541,280 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Harley-Davidson by 18.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock worth $153,476,000 after acquiring an additional 488,628 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Harley-Davidson by 31.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,000,400 shares of the company’s stock worth $96,439,000 after acquiring an additional 482,900 shares during the last quarter. 97.18% of the stock is owned by institutional investors and hedge funds.

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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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