Harley-Davidson, Inc. (NYSE:HOG) Director Donald A. James sold 100,000 shares of the business’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the sale, the director now directly owns 5,523 shares in the company, valued at approximately $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Harley-Davidson, Inc. (NYSE:HOG) opened at 57.16 on Tuesday. The stock’s 50 day moving average is $ 58.18 and its 200-day moving average is $ 55.84. Harley-Davidson, Inc. has a 52-week low of $ 36.97 and a 52-week high of $ 62.35. The company has a market capitalization of $ 10.10 billion, a P/E ratio of 14.92 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.11 billion for the quarter, compared to the consensus estimate of $ 972.47 million. During the same quarter in the prior year, the company posted $ 0.22 EPS. Harley-Davidson’s revenue was down 7.4% compared to the same quarter last year. Analysts predict that Harley-Davidson, Inc. will post $ 3.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Wednesday, February 15th will be given a dividend of $ 0.365 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $ 0.35. The ex-dividend date is Monday, February 13th. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.55%. Harley-Davidson’s dividend payout ratio is currently 36.65%.
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Institutional investors have recently modified their holdings of the company. Becker Capital Management Inc. boosted its stake in shares of Harley-Davidson by 17.1% in the second quarter. Becker Capital Management Inc. now owns 769,573 shares of the company’s stock worth $ 34,862,000 after buying an additional 112,533 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock worth $ 2,058,000 after buying an additional 665 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $ 70,408,000 after buying an additional 1,111,788 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock worth $ 7,228,000 after buying an additional 18,840 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Harley-Davidson by 9.3% in the third quarter. Boston Partners now owns 1,751,244 shares of the company’s stock worth $ 92,098,000 after buying an additional 148,366 shares in the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.
A number of analysts have commented on HOG shares. RBC Capital Markets set a $ 46.00 price target on shares of Harley-Davidson and gave the company a “sell” rating in a research report on Wednesday, October 19th. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $ 57.00 price target on shares of Harley-Davidson in a research report on Monday, December 19th. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Finally, Royal Bank Of Canada cut their price target on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 1st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $ 55.05.
Harley-Davidson Company Profile
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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