Key Points
- Harley-Davidson CFO Jonathan Root sold 1,554 shares on July 1 at an average price of $24.44, trimming his stake by about 5.02%. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The company recently reported mixed quarterly results, with EPS of $0.22 missing analyst expectations of $0.34 while revenue of $1.17 billion topped estimates. Revenue still fell 11.7% year over year.
- Harley-Davidson also paid a quarterly dividend of $0.1875, or $0.75 annualized, for a yield of about 2.9%. Analysts currently have a consensus Hold rating with a price target of $24.33.
Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) CFO Jonathan Root sold 1,554 shares of the business's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the sale, the chief financial officer owned 29,400 shares in the company, valued at $718,536. This represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harley-Davidson Stock Performance
Shares of Harley-Davidson stock opened at $25.66 on Tuesday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 15.15 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66. The business has a 50-day moving average of $24.66 and a 200 day moving average of $21.84. Harley-Davidson, Inc. has a 12 month low of $17.09 and a 12 month high of $31.25.
Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.12). The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. As a group, sell-side analysts forecast that Harley-Davidson, Inc. will post 0.39 earnings per share for the current year.
Harley-Davidson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were issued a $0.1875 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.9%. Harley-Davidson's payout ratio is 42.61%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on HOG shares. Morgan Stanley increased their target price on shares of Harley-Davidson from $12.00 to $15.00 and gave the stock an "underweight" rating in a report on Tuesday, May 19th. Wolfe Research reiterated an "outperform" rating on shares of Harley-Davidson in a research note on Monday, June 15th. DA Davidson lifted their target price on Harley-Davidson from $25.00 to $30.00 and gave the company a "buy" rating in a report on Monday. UBS Group boosted their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $24.33.
Get Our Latest Report on Harley-Davidson
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in HOG. EverSource Wealth Advisors LLC increased its position in shares of Harley-Davidson by 139.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company's stock valued at $26,000 after purchasing an additional 549 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Harley-Davidson during the fourth quarter worth $30,000. Fifth Third Bancorp increased its holdings in Harley-Davidson by 48.9% in the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company's stock valued at $36,000 after buying an additional 579 shares during the last quarter. Versant Capital Management Inc raised its stake in Harley-Davidson by 858.2% in the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company's stock valued at $40,000 after buying an additional 1,459 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company's stock worth $53,000 after buying an additional 1,278 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.
About Harley-Davidson
(
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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