Harley-Davidson keeps 2017 forecast unchanged, shares fall

Harley-Davidson keeps 2017 forecast unchanged, shares fall

Harley-Davidson keeps 2017 forecast unchanged, shares fall

Harley-Davidson, Inc. (NYSE:HOG) shares have been recently spotted -6.14% away from the 52-week high, and 45.67% away from the 52-week low mark. The stock was sold at an average price of $56.56, for a total transaction of $172,451.44. It has been assigned a low target price of $51 and a high target price of $72.

The stock subtracted in the prior trading session by -0.5%, closing at the stock price of $59.4. Shares of Harley-Davidson, Inc. are now valued at $56.79 with a furture target price of $60.18 according to research brokerages.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 7.27%, and has a solid year to date (YTD) performance of 2.47% which means the stock is constantly adding to its value from the previous fiscal year end price. (NYSE:HOG) stock. Over the past few months, insider ownership has seen a move of -57.95% while institutional ownership has changed -0.07%.

HOG stock was down 3% as of Tuesday morning. The Milwaukee-based company commands slightly more than half of the USA "big-bike" market: motorcycles with engine capacity of more than 601 cc. Company's distance from 20 day simple moving average is -2.45% and distance from 50-Day simple moving average is 0.52%. Harley-Davidson also saw some unusual options trading activity on Monday. Stock investors purchased 4,888 put options on the stock. This is an increase of 482% compared to the typical daily volume of 840 put options.

Analysts on average had expected earnings of US$1.02 per share, on revenue US$1.36 billion, according to Thomson Reuters I/B/E/S. It also came in below analysts' revenue estimate of $1.35 billion for the first quarter of the year. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Revenue fell 14% to $1.5 billion, compared to March 2016, as the Milwaukee-based bike maker restrained deliveries to dealers who are laboring to unload last year's models. During the same period in the previous year, the company posted $1.36 EPS.

Through last night, Harley's shares had gained 5% since Bill's story ran, but after today's earnings report, it's fair to say that much of what he predicted was borne out in Harley's numbers.

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The target price for Harley-Davidson, Inc. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $56.88, for a total value of $5,688,000.00. Following the completion of the sale, the vice president now directly owns 2,195 shares in the company, valued at $125,115. The disclosure for this sale can be found here.

Harley-Davidson Inc also announced that paid a cash dividend of 36.5 cents per share to investors during its first quarter of 2017. Finally, State of Wisconsin Investment Board raised its position in shares of Harley-Davidson by 7.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company's stock valued at $201,000 after buying an additional 700 shares during the last quarter.

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