Harley-Davidson, Inc. (NYSE:HOG – Get Free Report) insider Paul Krause sold 1,564 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.00, for a total value of $40,664.00. Following the completion of the transaction, the insider owned 30,012 shares of the company’s stock, valued at $780,312. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harley-Davidson Stock Performance
NYSE HOG opened at $25.62 on Thursday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 9.46 and a beta of 1.27. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25. The stock has a fifty day simple moving average of $21.23 and a 200 day simple moving average of $21.75. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37.
Harley-Davidson (NYSE:HOG – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 earnings per share. Sell-side analysts expect that Harley-Davidson, Inc. will post 0.63 EPS for the current year.
Harley-Davidson Increases Dividend
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HOG shares. Wells Fargo & Company increased 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. Argus upgraded Harley-Davidson to a “strong-buy” rating in a report on Tuesday, February 17th. Wall Street Zen downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. BMO Capital Markets restated an “outperform” rating and issued a $24.00 price objective on shares of Harley-Davidson in a report on Wednesday, February 11th. Finally, Weiss Ratings downgraded Harley-Davidson from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.89.
Read Our Latest Analysis on Harley-Davidson
Institutional Trading of Harley-Davidson
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Harley-Davidson by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after buying an additional 886,998 shares during the period. WINTON GROUP Ltd grew its stake in shares of Harley-Davidson by 449.9% in the 3rd quarter. WINTON GROUP Ltd now owns 295,687 shares of the company’s stock valued at $8,250,000 after buying an additional 241,918 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Harley-Davidson by 615.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 61,465 shares of the company’s stock valued at $1,715,000 after buying an additional 52,875 shares during the period. Algert Global LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at about $17,246,000. Finally, SG Americas Securities LLC grew its stake in shares of Harley-Davidson by 1,277.0% in the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after buying an additional 1,014,660 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Company Profile
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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