Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) Director Daniel Nova bought 40,000 shares of the company's stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $24.57 per share, for a total transaction of $982,800.00. Following the completion of the acquisition, the director directly owned 47,605 shares of the company's stock, valued at $1,169,654.85. This trade represents a 525.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Harley-Davidson Price Performance
Shares of NYSE:HOG opened at $25.29 on Tuesday. The company has a market cap of $2.66 billion, a PE ratio of 15.51, a P/E/G ratio of 16.81 and a beta of 1.26. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The firm has a 50-day simple moving average of $25.29 and a 200 day simple moving average of $22.53. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.
Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the company posted $0.88 earnings per share. Harley-Davidson's revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Harley-Davidson, Inc. will post 0.5 EPS for the current year.
Harley-Davidson Dividend Announcement
The business also recently declared 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 of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. Harley-Davidson's dividend payout ratio (DPR) is 46.01%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on HOG. Wells Fargo & Company upped their price objective on Harley-Davidson from $15.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 6th. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. Wolfe Research reissued an "outperform" rating on shares of Harley-Davidson in a report on Monday, June 15th. Citigroup upped their price target on shares of Harley-Davidson from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Sunday, July 12th. Finally, Robert W. Baird increased their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four 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 company presently has a consensus rating of "Hold" and a consensus target price of $26.11.
Check Out Our Latest Report on Harley-Davidson
Institutional Trading of Harley-Davidson
Several large investors have recently added to or reduced their stakes in HOG. Triumph Capital Management lifted its holdings in shares of Harley-Davidson by 4.7% during the third quarter. Triumph Capital Management now owns 10,171 shares of the company's stock worth $284,000 after purchasing an additional 454 shares during the period. State of Michigan Retirement System increased its holdings in Harley-Davidson by 1.8% in the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company's stock valued at $575,000 after purchasing an additional 500 shares during the period. 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 purchasing an additional 579 shares during the period. Oregon Public Employees Retirement Fund raised its position in Harley-Davidson by 2.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company's stock worth $490,000 after purchasing an additional 600 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its position in Harley-Davidson by 3.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company's stock worth $738,000 after purchasing an additional 872 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.
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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