Harley-Davidson, Inc. (NYSE:HOG – Get Free Report) CFO Jonathan Root sold 1,554 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total value of $37,979.76. Following the sale, the chief financial officer directly owned 29,400 shares in the company, valued at $718,536. This trade represents a 5.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harley-Davidson Stock Performance
Shares of HOG opened at $25.93 on Wednesday. The stock has a 50 day moving average price of $24.71 and a 200 day moving average price of $21.87. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 15.09 and a beta of 1.26. Harley-Davidson, Inc. has a 52-week low of $17.09 and a 52-week high of $31.25.
Harley-Davidson (NYSE:HOG – Get Free Report) last released 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 for the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. Research analysts predict that Harley-Davidson, Inc. will post 0.4 EPS for the current fiscal year.
Harley-Davidson Announces Dividend
Institutional Investors Weigh In On Harley-Davidson
Hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its position in Harley-Davidson by 30.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after acquiring an additional 2,095,477 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Harley-Davidson by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,597,336 shares of the company’s stock valued at $184,072,000 after purchasing an additional 28,828 shares during the last quarter. Boston Partners grew its stake in shares of Harley-Davidson by 2.1% in the 3rd quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after purchasing an additional 84,516 shares during the last quarter. State Street Corp increased its holdings in shares of Harley-Davidson by 1.7% in the second quarter. State Street Corp now owns 3,757,709 shares of the company’s stock valued at $88,682,000 after purchasing an additional 64,118 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Harley-Davidson by 8.4% during the first quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after purchasing an additional 163,762 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Griffin Securities set a $30.00 price objective on Harley-Davidson in a report on Monday. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Robert W. Baird set a $28.00 price target on Harley-Davidson in a research note on Wednesday, May 6th. Finally, Morgan Stanley lifted their price target on Harley-Davidson from $12.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.33.
About Harley-Davidson
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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