FY2024 EPS Estimates for Harley-Davidson Cut by DA Davidson

Harley-Davidson, Inc. (NYSE:HOG - Free Report) - Equities research analysts at DA Davidson reduced their FY2024 earnings estimates for Harley-Davidson in a research note issued to investors on Monday, October 28th. DA Davidson analyst B. Rolle now expects that the company will post earnings of $3.55 per share for the year, down from their prior forecast of $3.60. The consensus estimate for Harley-Davidson's current full-year earnings is $4.03 per share. DA Davidson also issued estimates for Harley-Davidson's Q4 2024 earnings at ($0.71) EPS and FY2025 earnings at $4.25 EPS.

HOG has been the topic of a number of other reports. Robert W. Baird lowered shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Baird R W downgraded shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 2nd. UBS Group boosted their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. Bank of America decreased their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Finally, Citigroup decreased their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Harley-Davidson currently has an average rating of "Moderate Buy" and an average price target of $43.29.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock traded down $0.23 on Tuesday, reaching $32.63. 1,813,864 shares of the stock were exchanged, compared to its average volume of 1,746,823. Harley-Davidson has a 1-year low of $25.45 and a 1-year high of $44.16. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average price of $36.38 and a two-hundred day moving average price of $35.59. The firm has a market capitalization of $4.39 billion, a PE ratio of 7.25, a PEG ratio of 1.59 and a beta of 1.44.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Monday, September 16th. Harley-Davidson's dividend payout ratio (DPR) is presently 15.33%.

Harley-Davidson declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 19.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Harley-Davidson by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company's stock valued at $587,372,000 after buying an additional 452,536 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of Harley-Davidson by 42.7% during the first quarter. Illinois Municipal Retirement Fund now owns 80,010 shares of the company's stock valued at $3,500,000 after buying an additional 23,958 shares during the period. LSV Asset Management lifted its stake in shares of Harley-Davidson by 17.3% during the second quarter. LSV Asset Management now owns 5,705,775 shares of the company's stock valued at $191,372,000 after buying an additional 842,407 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Harley-Davidson by 33.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 124,965 shares of the company's stock valued at $5,468,000 after buying an additional 31,205 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock valued at $67,000 after buying an additional 320 shares during the period. Hedge funds and other institutional investors own 85.10% of the company's stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.