Harley-Davidson to shift motorbike production overseas over European Union tariffs

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Landscape Capital Management L.L.C. acquired a new stake in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Harley-Davidson Inc has a 12-month low of $39.34 and a 12-month high of $56.95. For the next financial year, analysts anticipate that the firm will post earnings of $3.96 per share, with EPS estimates ranging from $3.80 to $4.05. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.16.

Harley-Davidson, Inc. (HOG) has been given an average price target of $48.46 from analysts, according to data collected by Finviz. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. Harley-Davidson's quarterly revenue was up 2.7% on a year-over-year basis.

HOG has been the topic of several analyst reports. UBS AG reiterated a "neutral" rating and set a $57.00 target price on shares of Harley-Davidson in a research note on Monday, June 26th. Finally, Stifel Nicolaus reduced their price objective on Harley-Davidson from $49.00 to $45.00 and set a "hold" rating for the company in a report on Friday, April 13th. Zacks Investment Research upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a report on Tuesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company's stock.

Other large investors have also modified their holdings of the company. Bank of Montreal Can increased its holdings in Harley-Davidson by 17.6% during the 4th quarter. The institutional investor owned 70,870 shares of the company's stock after selling 23,796 shares during the period. Dynamic Capital Management Ltd acquired a new position in Harley-Davidson in the 4th quarter valued at $255,000. The Manufacturers Life Insurance Company now owns 181,868 shares of the company's stock worth $9,254,000 after purchasing an additional 4,026 shares during the period. Norinchukin Bank The raised its holdings in Harley-Davidson by 108.4% in the 4th quarter.

Harley-Davidson, Inc. (HOG)'s distance from 200 day simple moving average is -3.84 percent, its distance from 50 day simple moving average is 6.59 percent, while its distance from 20 day simple moving average is 4.64 percent. Envestnet Asset Management Inc. now owns 249,889 shares of the company's stock worth $12,715,000 after acquiring an additional 245,773 shares in the last quarter. Institutional investors and hedge funds own 95.39% of the company's stock.

Harley-Davidson traded down $1.03, reaching $44.21, on Friday, MarketBeat Ratings reports. The stock had a trading volume of 3,828,947 shares, compared to its average volume of 2,017,277. During the same quarter in the prior year, the company posted $1.55 earnings per share.

HOG now trades at a forward P/E of 11.57, a P/B of 3.85, and a P/S of 1.35 while JONE trades at a P/B of 0.08, and a P/S of 0.20. The high and low revenue estimates for the current quarter are $1.51 Billion and $1.25 Billion, respectively.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.35%.

Harley-Davidson now sells three types of motorcycles in India, the fully manufactured one like the Street 750, the completely-knocked-down (CKD) ones like the Sportster family and completely-built-up (CBU) ones like the Street Glide.

"To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for European Union destinations from the USA to its global facilities to avoid the tariff burden", the company said. The company operates in two segments, Motorcycles & Related Products, and Financial Services.

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