Harley-Davidson Inc (HOG) Short Interest Update

Harley-Davidson Inc (NYSE:HOG) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 25,055,189 shares, a decline of 13.3% from the February 15th total of 28,908,874 shares. Based on an average daily volume of 3,431,789 shares, the days-to-cover ratio is presently 7.3 days. Approximately 13.7% of the shares of the stock are short sold.

A number of analysts have commented on the company. Wedbush decreased their target price on Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Stifel Nicolaus decreased their target price on Harley-Davidson from $54.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Zacks Investment Research raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday, February 2nd. Wells Fargo cut their price target on Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Finally, ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and a consensus target price of $51.44.

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Harley-Davidson stock traded down $0.42 during trading on Friday, hitting $42.19. The company’s stock had a trading volume of 3,202,601 shares, compared to its average volume of 1,851,370. The firm has a market capitalization of $7,105.39, a P/E ratio of 12.05, a PEG ratio of 1.40 and a beta of 0.88. Harley-Davidson has a 1-year low of $41.33 and a 1-year high of $62.95. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, January 30th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. equities analysts predict that Harley-Davidson will post 3.77 EPS for the current year.

Harley-Davidson announced that its board has initiated a share buyback plan on Monday, February 5th that permits the company to buyback 15,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the sale, the vice president now directly owns 3,399 shares in the company, valued at $161,860.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $66,883.74. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can grew its position in Harley-Davidson by 17.6% during the fourth quarter. Bank of Montreal Can now owns 85,556 shares of the company’s stock valued at $4,353,000 after acquiring an additional 12,807 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Harley-Davidson by 2.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 181,868 shares of the company’s stock worth $9,254,000 after buying an additional 4,026 shares during the period. Norinchukin Bank The boosted its position in shares of Harley-Davidson by 108.4% in the fourth quarter. Norinchukin Bank The now owns 26,457 shares of the company’s stock worth $1,346,000 after buying an additional 13,760 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Harley-Davidson by 11.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 25,591 shares of the company’s stock worth $1,233,000 after buying an additional 2,659 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Harley-Davidson by 26.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 207,559 shares of the company’s stock worth $10,006,000 after buying an additional 42,983 shares during the period. 95.87% of the stock is owned by hedge funds and other institutional investors.

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About Harley-Davidson

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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