Key Points
- CEO Artie Starrs bought 10,000 Harley-Davidson shares at an average price of $25.89, investing $258,900 and increasing his direct ownership by 66.67% to 25,000 shares.
- Harley-Davidson reported quarterly EPS of $0.75, beating estimates of $0.65, while revenue reached $1.23 billion but declined 5.9% year over year. The company also maintains a quarterly dividend of $0.1875 per share, or a 2.8% annualized yield.
- Analysts remain broadly cautious, with a consensus “Hold” rating and a $26.11 target price; the stock recently opened at $26.68 and institutional investors own 85.1% of its shares.
Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) CEO Artie Starrs purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $25.89 per share, for a total transaction of $258,900.00. Following the completion of the transaction, the chief executive officer directly owned 25,000 shares of the company's stock, valued at $647,250. This represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Harley-Davidson Stock Up 2.2%
Harley-Davidson stock opened at $26.68 on Wednesday. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The firm's 50-day simple moving average is $25.54 and its 200 day simple moving average is $22.76. The stock has a market cap of $2.78 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 17.70 and a beta of 1.27.
Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.88 EPS. The company's revenue for the quarter was down 5.9% on a year-over-year basis. Research analysts predict that Harley-Davidson, Inc. will post 0.51 EPS for the current fiscal year.
Harley-Davidson Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson's dividend payout ratio (DPR) is presently 46.01%.
Hedge Funds Weigh In On Harley-Davidson
Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Harley-Davidson in the fourth quarter valued at $25,766,000. Robinson Value Management Ltd. bought a new position in shares of Harley-Davidson during the 1st quarter worth $3,215,000. Caxton Associates LLP purchased a new stake in Harley-Davidson in the 1st quarter worth about $957,000. Money Concepts Capital Corp purchased a new stake in Harley-Davidson in the 4th quarter worth about $1,317,000. Finally, Bank of New York Mellon Corp raised its stake in Harley-Davidson by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company's stock valued at $42,675,000 after acquiring an additional 163,762 shares during the period. Hedge funds and other institutional investors own 85.10% of the company's stock.
Wall Street Analysts Forecast Growth
HOG has been the topic of several research analyst reports. Citigroup boosted their price objective on Harley-Davidson from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Sunday, July 12th. Zacks Research raised Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. UBS Group lifted 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. Loop Capital raised shares of Harley-Davidson from a "hold" rating to a "buy" rating and set a $32.00 price target on the stock in a report on Monday, July 20th. Finally, Morgan Stanley increased their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an "underweight" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Harley-Davidson has a consensus rating of "Hold" and a consensus target price of $26.11.
View Our Latest Stock Analysis on HOG
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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