Harley-Davidson, Inc. (HOG) CFO John A. Olin Sells 28,760 Shares
Harley-Davidson, Inc. (NYSE:HOG) CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the transaction, the chief financial officer now directly owns 65,722 shares of the company’s stock, valued at $3,156,627.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Harley-Davidson, Inc. (NYSE:HOG) traded up 2.93% during mid-day trading on Friday, hitting $49.50. The company had a trading volume of 2,897,942 shares. The company has a market capitalization of $8.63 billion, a P/E ratio of 14.49 and a beta of 0.87. The company has a 50-day moving average price of $47.68 and a 200 day moving average price of $51.67. Harley-Davidson, Inc. has a 52-week low of $45.53 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, analysts forecast that Harley-Davidson, Inc. will post $3.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, September 11th. Harley-Davidson’s payout ratio is presently 45.63%.
TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/20/harley-davidson-inc-hog-cfo-john-a-olin-sells-28760-shares.html.
Several research analysts have commented on the stock. BidaskClub raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. UBS AG reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a research note on Monday, June 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $52.50.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Harley-Davidson by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after buying an additional 267,352 shares during the period. Capital Research Global Investors boosted its stake in shares of Harley-Davidson by 605.1% in the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after buying an additional 14,359,571 shares during the period. BlackRock Inc. boosted its stake in shares of Harley-Davidson by 1.5% in the 2nd quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after buying an additional 154,675 shares during the period. Independent Franchise Partners LLP boosted its stake in shares of Harley-Davidson by 0.6% in the 2nd quarter. Independent Franchise Partners LLP now owns 5,285,536 shares of the company’s stock valued at $285,524,000 after buying an additional 33,969 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Harley-Davidson by 1.0% in the 2nd quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after buying an additional 39,699 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.
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.
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.