Key Points
- Harley-Davidson CFO Jonathan Root sold 1,554 shares at an average price of $27.46, generating $42,672.84. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 26,292 shares.
- Harley-Davidson exceeded quarterly expectations, reporting $0.75 in earnings per share versus the $0.65 consensus estimate and $1.23 billion in revenue. However, revenue declined 5.9% year over year.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and a $27.00 target price; institutional investors own approximately 85.1% of the company.
Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) CFO Jonathan Root sold 1,554 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total value of $42,672.84. Following the completion of the sale, the chief financial officer owned 26,292 shares of the company's stock, valued at $721,978.32. This represents a 5.58% decrease in their position. The sale 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 NYSE HOG opened at $27.80 on Thursday. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 8.92 and a beta of 1.29. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25. The business has a fifty day simple moving average of $26.29 and a 200 day simple moving average of $23.60. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36.
Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The business's revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. Sell-side analysts expect that Harley-Davidson, Inc. will post 0.56 EPS for the current year.
Analyst Upgrades and Downgrades
HOG has been the topic of several recent research reports. Loop Capital upgraded shares of Harley-Davidson from a "hold" rating to a "buy" rating and set a $32.00 target price on the stock in a research report on Monday, July 20th. Morgan Stanley increased their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 28th. Citigroup raised their price target on shares of Harley-Davidson from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Sunday, July 12th. Wells Fargo & Company lifted their price objective on Harley-Davidson from $15.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Harley-Davidson from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Harley-Davidson currently has an average rating of "Hold" and a consensus target price of $27.00.
View Our Latest Stock Analysis on HOG
Hedge Funds Weigh In On Harley-Davidson
Several institutional investors have recently added to or reduced their stakes in HOG. Aberdeen Wealth Management LLC acquired a new position in Harley-Davidson in the second quarter valued at about $29,000. Pinnacle Holdings LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $30,000. Fifth Third Bancorp increased its holdings in shares of Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company's stock worth $36,000 after buying an additional 579 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 1,459 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Harley-Davidson by 153.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company's stock valued at $53,000 after acquiring an additional 1,278 shares during the last quarter. 85.10% of the stock is owned by institutional investors.
About Harley-Davidson
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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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