Insider Selling: Harley-Davidson Inc (HOG) VP Sells 1,401 Shares of Stock
Harley-Davidson Inc (NYSE:HOG) VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $47.74, for a total transaction of $66,883.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Harley-Davidson Inc (HOG) opened at $47.25 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49. The firm has a market cap of $8,137.07, a P/E ratio of 15.86, a P/E/G ratio of 1.61 and a beta of 0.84. Harley-Davidson Inc has a fifty-two week low of $44.52 and a fifty-two week high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. Harley-Davidson’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. research analysts expect that Harley-Davidson Inc will post 3.75 EPS for the current year.
Harley-Davidson announced that its Board of Directors has authorized a share repurchase plan on Monday, February 5th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
A number of research analysts have recently issued reports on the stock. Wedbush cut their target price on shares of Harley-Davidson to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. Stifel Nicolaus cut their target price on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, February 2nd. Wells Fargo & Co cut their target price on shares of Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Finally, TheStreet cut shares of Harley-Davidson from a “b-” rating to a “c+” rating in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $52.00.
Institutional investors have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Harley-Davidson by 26.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 207,559 shares of the company’s stock valued at $10,006,000 after purchasing an additional 42,983 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Harley-Davidson by 11.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 25,591 shares of the company’s stock valued at $1,233,000 after purchasing an additional 2,659 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Harley-Davidson by 27.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,129,738 shares of the company’s stock valued at $54,465,000 after purchasing an additional 245,139 shares in the last quarter. Parthenon LLC increased its holdings in shares of Harley-Davidson by 32.4% in the third quarter. Parthenon LLC now owns 15,849 shares of the company’s stock valued at $764,000 after purchasing an additional 3,875 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Harley-Davidson in the third quarter valued at approximately $960,000. 97.26% of the stock is owned by institutional investors and hedge funds.
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Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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