Key Points
- Harley-Davidson CAO Gayle Littleton bought 7,500 shares at an average price of $26.38, representing a $197,850 investment and bringing her total ownership to 7,500 shares.
- HOG shares opened at $27.92, up 7.5%, after the company reported quarterly earnings of $0.75 per share, beating estimates by $0.10, while revenue reached $1.23 billion despite a 5.9% year-over-year decline.
- The company pays a quarterly dividend of $0.1875, equivalent to a $0.75 annualized payout and a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $26.11.
Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) CAO Gayle Littleton purchased 7,500 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $26.38 per share, for a total transaction of $197,850.00. Following the transaction, the chief accounting officer owned 7,500 shares of the company's stock, valued at $197,850. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Harley-Davidson Trading Up 7.5%
NYSE:HOG opened at $27.92 on Friday. 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, Inc. has a 1-year low of $17.09 and a 1-year high of $31.25. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 17.62 and a beta of 1.27. The stock has a fifty day simple moving average of $25.64 and a 200 day simple moving average of $22.85.
Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Sell-side analysts forecast that Harley-Davidson, Inc. will post 0.51 earnings per share for the current year.
Harley-Davidson Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson's payout ratio is currently 46.01%.
Analyst Ratings Changes
HOG has been the topic of a number of analyst reports. DA Davidson increased their price objective on Harley-Davidson from $25.00 to $30.00 and gave the company a "buy" rating in a report on Monday, July 6th. UBS Group upped their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, May 11th. Morgan Stanley increased their price target on Harley-Davidson from $15.00 to $17.00 and gave the company an "underweight" rating in a report on Tuesday, July 28th. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.11.
Get Our Latest Analysis on HOG
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Aberdeen Wealth Management LLC acquired a new stake in Harley-Davidson during the second quarter worth $29,000. Pinnacle Holdings LLC bought a new stake in Harley-Davidson in the fourth quarter valued at about $30,000. Fifth Third Bancorp raised its position in Harley-Davidson by 48.9% in the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company's stock worth $36,000 after purchasing an additional 579 shares in the last quarter. Versant Capital Management Inc lifted its stake in Harley-Davidson by 858.2% during the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company's stock worth $40,000 after purchasing an additional 1,459 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company's stock valued at $53,000 after purchasing an additional 1,278 shares in the last quarter. 85.10% of the stock is owned by institutional investors.
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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