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 Monday, August 3rd. The shares were sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the transaction, the chief financial officer directly owned 27,846 shares in the company, valued at approximately $692,808.48. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harley-Davidson Stock Performance
Shares of Harley-Davidson stock opened at $25.69 on Friday. The firm has a fifty day moving average of $25.43 and a two-hundred day moving average of $22.64. 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 stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 17.94 and a beta of 1.27. 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 announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Harley-Davidson, Inc. will post 0.5 EPS for the current year.
Harley-Davidson Announces Dividend
Institutional Investors Weigh In On Harley-Davidson
A number of hedge funds and other institutional investors have recently bought and sold shares of HOG. Donald Smith & CO. Inc. raised its holdings in shares of Harley-Davidson by 30.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after purchasing an additional 2,095,477 shares during the last quarter. Boston Partners increased its stake in 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 buying an additional 84,516 shares during the last quarter. State Street Corp increased its stake in Harley-Davidson by 1.7% in the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company’s stock valued at $88,682,000 after buying an additional 64,118 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Harley-Davidson by 8.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after buying an additional 163,762 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Harley-Davidson by 456.7% during the 1st quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock worth $35,089,000 after buying an additional 1,423,675 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Griffin Securities set a $30.00 price target on Harley-Davidson in a report on Monday, July 6th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group boosted their price objective on Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Loop Capital raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.11.
Get Our Latest Stock Analysis on HOG
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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