Key Points
- Insider sale: Harley-Davidson insider Paul Krause sold 1,564 shares at an average price of $26.00, worth about $40,664. The transaction was made under a pre-arranged Rule 10b5-1 plan, and his stake fell by 4.95%.
- Mixed quarterly results: The company reported $0.22 EPS, missing estimates of $0.34, while revenue came in at $1.17 billion versus $1.01 billion expected. Revenue was still down 11.7% from a year earlier.
- Dividend and analyst view: Harley-Davidson raised its quarterly dividend to $0.1875 per share, implying a 2.9% yield. Wall Street’s consensus rating is Hold, with an average price target of $23.89.
Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) insider Paul Krause sold 1,564 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $26.00, for a total value of $40,664.00. Following the completion of the sale, the insider owned 30,012 shares of the company's stock, valued at approximately $780,312. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harley-Davidson Price Performance
Shares of NYSE HOG opened at $25.62 on Thursday. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 9.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91. The firm's 50-day simple moving average is $21.23 and its 200 day simple moving average is $21.75.
Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business posted $1.07 EPS. Harley-Davidson's revenue was down 11.7% compared to the same quarter last year. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 0.63 earnings per share for the current fiscal year.
Harley-Davidson Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Monday, March 2nd were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.18. Harley-Davidson's payout ratio is 42.61%.
Hedge Funds Weigh In On Harley-Davidson
Several hedge funds have recently modified their holdings of the company. Sei Investments Co. lifted its position in shares of Harley-Davidson by 100.8% during the 1st quarter. Sei Investments Co. now owns 228,009 shares of the company's stock worth $4,608,000 after buying an additional 114,441 shares in the last quarter. Lido Advisors LLC bought a new position in shares of Harley-Davidson during the 1st quarter worth approximately $223,000. State of Wyoming lifted its position in shares of Harley-Davidson by 11.6% during the 1st quarter. State of Wyoming now owns 12,124 shares of the company's stock worth $245,000 after buying an additional 1,259 shares in the last quarter. Aegis Financial Corp bought a new position in shares of Harley-Davidson during the 1st quarter worth approximately $27,681,000. Finally, First Trust Advisors LP lifted its position in shares of Harley-Davidson by 115.3% during the 1st quarter. First Trust Advisors LP now owns 645,934 shares of the company's stock worth $13,061,000 after buying an additional 345,948 shares in the last quarter. Institutional investors own 85.10% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on HOG shares. DA Davidson dropped their price target on shares of Harley-Davidson from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Wells Fargo & Company raised their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, May 6th. Robert W. Baird set a $28.00 price target on shares of Harley-Davidson in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Harley-Davidson from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $24.00 price target on shares of Harley-Davidson in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $23.89.
Check Out Our Latest Stock Analysis on HOG
Harley-Davidson Company Profile
(
Get Free Report)
Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.
In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.
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