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 business’s stock in a transaction on 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 Securities & Exchange Commission, which is available through this hyperlink.

Shares of Harley-Davidson Inc (NYSE HOG) traded down $1.10 on Tuesday, hitting $47.25. 2,444,916 shares of the stock traded hands, compared to its average volume of 3,270,000. The company has a market capitalization of $7,950.00, a price-to-earnings ratio of 15.86, a PEG ratio of 1.60 and a beta of 0.84. Harley-Davidson Inc has a 52 week low of $44.52 and a 52 week high of $63.40. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The company had revenue of $1.05 billion for 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%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. sell-side analysts expect that Harley-Davidson Inc will post 3.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 annualized dividend and a dividend yield of 3.13%. Harley-Davidson’s dividend payout ratio is presently 48.99%.

Harley-Davidson declared that its Board of Directors has authorized a stock buyback plan on Monday, February 5th that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the company. Robinson Value Management Ltd. raised its position in shares of Harley-Davidson by 3.5% in the third quarter. Robinson Value Management Ltd. now owns 31,959 shares of the company’s stock valued at $1,541,000 after purchasing an additional 1,066 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Harley-Davidson by 22.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock valued at $294,000 after acquiring an additional 1,100 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Harley-Davidson by 12.6% in the third quarter. Private Advisor Group LLC now owns 9,904 shares of the company’s stock valued at $455,000 after acquiring an additional 1,111 shares in the last quarter. Amalgamated Bank grew its stake in shares of Harley-Davidson by 5.9% in the fourth quarter. Amalgamated Bank now owns 21,942 shares of the company’s stock valued at $1,116,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of Harley-Davidson by 3.8% in the third quarter. Hennessy Advisors Inc. now owns 35,600 shares of the company’s stock valued at $1,716,000 after acquiring an additional 1,300 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors.

Several research firms have issued reports on HOG. Longbow Research lowered shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target (up from $49.00) on shares of Harley-Davidson in a research report on Wednesday, January 17th. Wedbush upped their price target on shares of Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, December 7th. Finally, Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.00.

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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.

Insider Buying and Selling by Quarter for Harley-Davidson (NYSE:HOG)

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