Harley-Davidson (HOG) Shares Gap Down to $52.06

Harley-Davidson Inc (NYSE:HOG)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $53.74, but opened at $52.06. Harley-Davidson shares last traded at $50.10, with a volume of 6693700 shares trading hands.

Several equities analysts have recently weighed in on HOG shares. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Wedbush set a $45.00 price objective on Harley-Davidson and gave the company a “hold” rating in a research note on Sunday, October 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Harley-Davidson in a research note on Friday, October 13th. Longbow Research lowered Harley-Davidson from a “neutral” rating to an “underperform” rating in a research note on Wednesday. Finally, Goldman Sachs Group reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $52.82.

The company has a market cap of $8,580.00, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.59 and a beta of 0.96. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. equities research analysts expect that Harley-Davidson Inc will post 3.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 2.86%. Harley-Davidson’s dividend payout ratio is presently 45.77%.

In other Harley-Davidson news, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the sale, the chief executive officer now directly owns 88,646 shares in the company, valued at approximately $4,286,920.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the sale, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The disclosure for this sale can be found here. Insiders have sold a total of 58,726 shares of company stock worth $2,816,641 over the last 90 days. 0.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC increased its holdings in shares of Harley-Davidson by 25.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 486,378 shares of the company’s stock valued at $23,448,000 after acquiring an additional 99,307 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $166,000. Robinson Value Management Ltd. increased its holdings in shares of Harley-Davidson by 3.5% in the 3rd quarter. Robinson Value Management Ltd. now owns 31,959 shares of the company’s stock valued at $1,541,000 after acquiring an additional 1,066 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $280,000. Finally, Independent Advisor Alliance bought a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $368,000. Institutional investors own 97.18% of the company’s stock.

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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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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