DA Davidson Weighs in on Harley-Davidson, Inc.’s Q2 2024 Earnings (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for shares of Harley-Davidson in a research note issued on Friday, April 26th. DA Davidson analyst B. Rolle expects that the company will post earnings of $1.50 per share for the quarter. DA Davidson has a “Buy” rating and a $49.00 price objective on the stock. The consensus estimate for Harley-Davidson’s current full-year earnings is $4.29 per share. DA Davidson also issued estimates for Harley-Davidson’s FY2025 earnings at $4.95 EPS.

Other equities analysts have also recently issued reports about the stock. Bank of America boosted their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Morgan Stanley assumed coverage on shares of Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target for the company. UBS Group boosted their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. BMO Capital Markets cut their price target on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Citigroup boosted their price target on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Harley-Davidson Stock Performance

HOG opened at $34.38 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.32. The firm has a fifty day moving average price of $39.76 and a 200 day moving average price of $35.02. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16. The stock has a market cap of $4.62 billion, a P/E ratio of 7.64, a P/E/G ratio of 2.23 and a beta of 1.43.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, March 1st. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is currently 15.33%.

Institutional Trading of Harley-Davidson

Several hedge funds have recently made changes to their positions in the business. National Bank of Canada FI increased its stake in shares of Harley-Davidson by 30.3% during the third quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock worth $54,000 after buying an additional 391 shares during the period. Raymond James & Associates lifted its holdings in shares of Harley-Davidson by 2.1% during the third quarter. Raymond James & Associates now owns 564,850 shares of the company’s stock worth $18,674,000 after purchasing an additional 11,670 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Harley-Davidson by 132.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 54,751 shares of the company’s stock worth $1,810,000 after purchasing an additional 31,180 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Harley-Davidson by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock worth $48,330,000 after purchasing an additional 12,332 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in Harley-Davidson by 2.7% in the third quarter. Brown Advisory Inc. now owns 1,288,649 shares of the company’s stock valued at $42,603,000 after acquiring an additional 33,760 shares during the period. Institutional investors and hedge funds 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.