Economy

Harley-Davidson, Inc. (NYSE:HOG) Trading Up - Insiders Are Selling

According to Zacks, "The Zacks Consensus Estimate for Harley-Davidson's quarterly earnings has been going down of late". William Blair analyst S. Zackfia now anticipates that the company will post earnings of $3.44 per share for the year, down from their previous forecast of $3.56.

A number of research analysts recently issued reports on HOG shares. Zacks Investment Research cut Harley-Davidson from a "hold" rating to a "sell" rating in a report on Tuesday. BidaskClub lowered Harley-Davidson from a "hold" rating to a "sell" rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of Harley-Davidson from a "buy" rating to a "hold" rating in a report on Tuesday, August 1st. The consensus target price is $51.00 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 13 firms rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell. Three 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.

WARNING: This story was first published by Week Herald and is the sole property of of Week Herald. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and global trademark & copyright laws. The 50 day moving average was up $1.64 and the 200 day average moved down $-2.35. Shares are now up over the past year, outperforming the broad market by -100% and underperformed a peer group of similar companies by -142%.

The company's P/E ratio is 14.49 and the market cap is 8.63B. Harley-Davidson has a one year low of $45.53 and a one year high of $63.40. Harley-Davidson's 50-day moving average is $47.68 and its 200-day moving average is $51.67.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The dividend was $0.365 per share for the quarter which comes to $1.46 on an annualized basis. According to their predictions high & low revenue estimates are 1.11 Billion and 959 Million respectively. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The firm's revenue for the quarter was down 11.9% compared to the same quarter a year ago. Active investors may choose to use this technical indicator as a stock evaluation tool. At the time of writing, Harley-Davidson Inc (HOG) has a 14-day ATR of 1.06. MA raised its position in Harley-Davidson by 46.3% in the second quarter. With the PPO indicator above the line, traders may be looking for a possible bullish move. Norinchukin Bank The now owns 39,905 shares of the company's stock worth $2,156,000 after purchasing an additional 127 shares during the last quarter. Independent Franchise Partners LLP lifted its position in Harley-Davidson by 0.6% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company's stock worth $222,000 after purchasing an additional 102 shares during the period.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

In other news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. Following the completion of the transaction, the insider now owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th were issued a dividend of $0.365 per share.

HOG is now undervalued by -4.55% relative to the average 1-year price target of $50.38 taken from a group of Wall Street Analysts. The ex-dividend date was Monday the 11th of September 2017. Harley-Davidson's dividend payout ratio (DPR) is now 45.63%.



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