Harley-Davidson FY2024 EPS Estimate Reduced by DA Davidson

Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at DA Davidson lowered their FY2024 earnings per share (EPS) estimates for Harley-Davidson in a report released on Monday, October 28th. DA Davidson analyst B. Rolle now expects that the company will post earnings per share of $3.55 for the year, down from their previous 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.

Several other equities analysts have also weighed in on the stock. Robert W. Baird lowered shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Bank of America reduced their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Citigroup dropped their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. UBS Group raised their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Harley-Davidson currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

Harley-Davidson Stock Down 1.3 %

Shares of NYSE HOG opened at $32.22 on Tuesday. Harley-Davidson has a 1 year low of $25.90 and a 1 year high of $44.16. The firm’s 50-day moving average is $36.29 and its 200-day moving average is $35.57. 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 firm has a market capitalization of $4.33 billion, a PE ratio of 7.16, a price-to-earnings-growth 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. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.14%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.33%.

Harley-Davidson declared that its board has authorized a stock repurchase program on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 19.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Harley-Davidson

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Harley-Davidson by 3.5% in 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 boosted its stake in Harley-Davidson by 42.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 80,010 shares of the company’s stock worth $3,500,000 after purchasing an additional 23,958 shares during the period. LSV Asset Management boosted its stake in Harley-Davidson by 17.3% in the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after purchasing an additional 842,407 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Harley-Davidson by 33.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 124,965 shares of the company’s stock worth $5,468,000 after purchasing an additional 31,205 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after purchasing an additional 320 shares during the period. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Company Profile

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.