The stock was sold at an average price of $59.32, for a total value of $593,200.00. Following the transaction, the senior vice president now directly owns 21,333 shares in the company, valued at approximately $1,265,473.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George H. Conrades sold 3,873 shares of the firm’s stock in a transaction on Friday, August 14th. In this transaction, 10,000 shares were sold at $59.32 per share. The disclosure for this sale can be found here.
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Harley Davidson Incorporated (NYSE:HOG) shares will open today at 46.95 after closing yesterday at 48.25. The company now expects to ship 265,000 to 270,000 motorcycles to dealers and distributors worldwide in 2015, flat to 2 per cent lower than in 2014. The firm’s 50-day moving average is $54.36 and its 200-day moving average is $56.45. The 52-week high of the share price is $70.41 and the company has a market cap of $11,413 million.
Harley-Davidson (HOG – Get Report) this week missed earnings expectations and reduced its sales expectations for the rest of the year, sending its stock plunging, but the storied motorcycle maker’s CEO isn’t too anxious. Diluted earnings per share were 69 cents per share in the third quarter, the same as a year earlier. The company’s revenue was up.9% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson will post $4.00 EPS for the current year. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, September 11th. This represents a $1.24 annualized dividend and a dividend yield of 2.57%.
Several other equities research analysts also recently issued reports on HOG.
Meanwhile, a key USA competitor to Harley-Davidson in Polaris (PII – Get Report), which sells Victory and Indian motorcycles as well as an “autocycle” called the Slingshot, is finding success across much of its product line. BMO Capital Markets downgraded the shares of HOG in a report on October 21 to “Market Perform” rating.
Sell-side firms use a variety of different terms such a Buy, Sell and Hold to rate their outlook on stocks. The rating is an average of the various different ratings given by analysts and brokers to Harley Davidson Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois.
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 sections: the Motorcycles & Related Products (Motorcycles) segment as well as the Financial Services segment. The Financial Services segment consists of HDFS, which provides wholesale and retail financing and provides insurance and insurance-related programs primarily to Harley-Davidson dealers and their retail customers.
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Moving away from the domestic market, Harley is also planning to grow its global dealer network by 150 to 200 new dealerships by 2020, which includes development of new retail formats for urban centers and tastes, beyond traditional dealerships.
