Jefferies Financial Group Inc. purchased a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,546 shares of the company’s stock, valued at approximately $992,000.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Harley-Davidson in the fourth quarter valued at $25,766,000. State of Wyoming purchased a new position in shares of Harley-Davidson during the second quarter valued at approximately $942,000. Robinson Value Management Ltd. bought a new position in Harley-Davidson in the 1st quarter valued at $3,215,000. Caxton Associates LLP bought a new position in shares of Harley-Davidson in the first quarter worth about $957,000. Finally, Empowered Funds LLC increased its position in shares of Harley-Davidson by 303.4% during the first quarter. Empowered Funds LLC now owns 465,085 shares of the company’s stock worth $9,404,000 after acquiring an additional 349,797 shares during the period. Institutional investors own 85.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on HOG. Morgan Stanley raised their price objective on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Wells Fargo & Company raised their target price on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Robert W. Baird upped their price objective on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Loop Capital upgraded 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. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.78.
Harley-Davidson Price Performance
HOG stock opened at $28.09 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. 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 $2.92 billion, a P/E ratio of 17.23, a P/E/G ratio of 17.35 and a beta of 1.27. The business’s 50-day moving average is $26.15 and its two-hundred day moving average is $23.45.
Harley-Davidson (NYSE:HOG – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS 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 analyst estimates of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. Harley-Davidson’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. Analysts anticipate that Harley-Davidson, Inc. will post 0.56 earnings per share for the current fiscal year.
Insider Transactions at Harley-Davidson
In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction dated 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. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Artie Starrs purchased 10,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $25.89 per share, with a total value of $258,900.00. Following the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $647,250. This represents a 66.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 57,500 shares of company stock valued at $1,439,550 in the last three months. 0.97% of the stock is owned by company insiders.
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.
Read More
- Five stocks we like better than Harley-Davidson
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
Want to see what other hedge funds are holding HOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harley-Davidson, Inc. (NYSE:HOG – Free Report).
Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.
