Shares of Harley-Davidson Inc (NYSE:HOG) are trading up $2.91 or 7.76% in the pre-market this morning after the company reported their fourth quarter earnings earlier this morning.
The company reported an earnings per share of $0.22 on $1.18 billion in revenue for the quarter. They beat expectations on both the top and bottom lines. Analysts had been expecting an EPS of around $0.19 on $1.03 billion in revenue. The company also provided their sales guidance for both the current quarter as well as the full year of 2016. Harley-Davidson Inc (NYSE:HOG) said that they expect to ship between 269,000 and 274,000 motorcycles this year, meaning that they will be realizing sales growth of around 1-3% over last year. The company also expects to ship 78,000 – 83,000 motorcycles in this quarter alone, likely surpassing the 79,589 figure for the same quarter last year.
The stock closed at $37.49 during the last trading session. It is down 35.58% since June 23, 2015 and is downtrending. It has underperformed the S&P500 by 26.72%.
From a total of 12 analysts covering Harley-Davidson (NYSE:HOG) stock, 3 rate it a “Buy”, 1 a “Sell”, and 8 a “Hold”. This means that 25% of the ratings are positive. The highest target price is $78 while the lowest target price is $44.0. The mean of all analyst targets is $57.48 which is 53.32% above today’s ($37.49) stock price. Harley-Davidson was the topic of 21 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on January 15 with a “Sector Perform” rating. JP Morgan downgraded shares to a”Neutral” rating and a $50 target share price in their report from an October 21. Wedbush maintained HOG stock in a recent report from November 24 with a “Hold” rating. Vetr upgraded the rating on August 24. Vetr has a “Hold” rating and a $59.25 price target on shares. Finally, Deutsche Bank maintained the stock with a “Hold” rating in a report they issued on an October 21.
The institutional sentiment decreased to 1.04 in Q2 2015. It’s down 0.12, from 1.16 in 2015Q2. The ratio fall, as 50 funds sold all their Harley-Davidson Inc shares they owned while 166 reduced their positions. 52 funds bought stakes while 172 increased their total positions. Institutions now own 182.17 million shares which is 11.97% more than the previous share count of 162.69 million in 2015Q2.
Cantillon Capital Management Llc holds 7.09% of its total portfolio in Harley-Davidson Inc, equating to 6.06 million shares. Mig Capital Llc owns 507,000 shares representing 6.7% of their total US portfolio. Moreover, Grisanti Capital Management Llc has 3.87% of their total portfolio invested in the company, equating to 177,640 shares. The New York-based F&V Capital Management Llc has a total of 3.84% of their portfolio invested in the stock. Global Thematic Partners Llc, a New York-based fund reported 2.64 million shares owned.
Since August 10, 2015, the stock had 0 insider purchases, and 3 selling transactions for a total of $1.35 million in net activity. Richer Mark Hans sold 10,000 shares worth $593,199. Conrades George H sold 3,873 shares worth $230,114.
Harley-Davidson, Inc. is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company and Harley-Davidson Financial Services (HDFS). The company has a market cap of $7.19 billion. The Firm operates in two divisions: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. It has 10.01 P/E ratio. The Motorcycles segment consists of HDMC, which designs, makes and sells street-legal Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.