Harley-Davidson, Inc. (HOG) Director Sells $88,860.20 in Stock
Harley-Davidson, Inc. (NYSE:HOG) Director Jochen Zeitz sold 1,859 shares of Harley-Davidson stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The firm had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s revenue was down 11.9% on a year-over-year basis.
A number of large investors have recently modified their holdings of the business. Parthenon LLC grew its holdings in Harley-Davidson by 32.4% during the 3rd quarter. Parthenon LLC now owns 15,849 shares of the company’s stock worth $764,000 after acquiring an additional 3,875 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Harley-Davidson by 8.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 180,510 shares of the company’s stock valued at $8,702,000 after purchasing an additional 13,648 shares during the period. Tufton Capital Management lifted its position in Harley-Davidson by 3.2% during the 3rd quarter. Tufton Capital Management now owns 142,737 shares of the company’s stock valued at $6,881,000 after purchasing an additional 4,375 shares during the period. Northern Capital Management LLC lifted its position in Harley-Davidson by 51.3% during the 3rd quarter. Northern Capital Management LLC now owns 32,070 shares of the company’s stock valued at $1,546,000 after purchasing an additional 10,875 shares during the period. Finally, Parametrica Management Ltd acquired a new position in Harley-Davidson during the 3rd quarter valued at about $269,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.
HOG has been the subject of several research reports. Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Sanford C. Bernstein downgraded shares of Harley-Davidson from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a research report on Wednesday, July 12th. Sandler O’Neill downgraded shares of Harley-Davidson from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $62.00 to $55.00 in a research report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $52.50.
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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