FY2025 EPS Estimates for Harley-Davidson Raised by Analyst

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Harley-Davidson from $2.59 to $4.32, maintaining a "Buy" rating with a target price of $34.00.
• Harley-Davidson's recent quarterly earnings reported $0.88 EPS, which fell short of the consensus estimate of $0.99, despite revenue exceeding expectations at $1.31 billion.
• Institutional investors now own 85.10% of Harley-Davidson's stock, with several funds significantly increasing their stakes in the company this quarter.

Harley-Davidson, Inc. (NYSE:HOG - Free Report) - Equities research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Harley-Davidson in a note issued to investors on Monday, August 25th. DA Davidson analyst G. Bryan now anticipates that the company will post earnings of $4.32 per share for the year, up from their previous forecast of $2.59. DA Davidson currently has a "Buy" rating and a $34.00 price target on the stock. The consensus estimate for Harley-Davidson's current full-year earnings is $3.44 per share. DA Davidson also issued estimates for Harley-Davidson's FY2026 earnings at $2.75 EPS.

HOG has been the subject of several other research reports. Zacks Research raised Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Robert W. Baird boosted their price target on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Griffin Securities set a $34.00 price target on Harley-Davidson in a report on Monday, August 25th. UBS Group lowered their price objective on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Finally, Citigroup boosted their price objective on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.86.

Harley-Davidson Stock Performance

NYSE:HOG traded up $0.34 during mid-day trading on Wednesday, hitting $29.16. 1,292,111 shares of the company traded hands, compared to its average volume of 1,959,608. The stock's fifty day moving average price is $25.30 and its 200-day moving average price is $24.71. Harley-Davidson has a one year low of $20.45 and a one year high of $39.93. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 0.43 and a beta of 1.29.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $1.63 EPS. The business's revenue for the quarter was down 19.3% on a year-over-year basis.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 10th. Harley-Davidson's payout ratio is currently 37.31%.

Insider Activity at Harley-Davidson

In other news, Director Rafeh Masood bought 2,068 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the transaction, the director owned 4,705 shares of the company's stock, valued at approximately $113,202.30. This represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.93% of the company's stock.

Institutional Investors Weigh In On Harley-Davidson

A number of hedge funds have recently made changes to their positions in HOG. MetLife Investment Management LLC lifted its position in shares of Harley-Davidson by 5.5% in the fourth quarter. MetLife Investment Management LLC now owns 64,664 shares of the company's stock worth $1,948,000 after buying an additional 3,396 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Harley-Davidson by 7.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 76,150 shares of the company's stock worth $2,295,000 after buying an additional 5,178 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Harley-Davidson by 21.0% in the fourth quarter. Voya Investment Management LLC now owns 56,818 shares of the company's stock worth $1,712,000 after buying an additional 9,854 shares in the last quarter. Northern Trust Corp lifted its position in shares of Harley-Davidson by 20.1% in the fourth quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock worth $32,035,000 after buying an additional 177,748 shares in the last quarter. Finally, Talon Private Wealth LLC purchased a new stake in shares of Harley-Davidson in the fourth quarter worth about $231,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

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.