Jonathan Root Sells 1,554 Shares of Harley-Davidson (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) CFO Jonathan Root sold 1,554 shares of the company’s stock in a transaction 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 owned 27,846 shares in the company, valued at approximately $692,808.48. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harley-Davidson Stock Performance

HOG traded down $0.30 on Wednesday, reaching $26.21. The company had a trading volume of 2,119,987 shares, compared to its average volume of 3,225,305. The stock has a market cap of $2.76 billion, a P/E ratio of 16.08, a P/E/G ratio of 17.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The company’s fifty day moving average is $25.35 and its 200 day moving average is $22.57.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.10. The firm had revenue of $1.23 billion during 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 for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. As a group, analysts predict that Harley-Davidson, Inc. will post 0.5 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s dividend payout ratio is currently 46.01%.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Harley-Davidson by 62.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock valued at $2,183,000 after acquiring an additional 33,097 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Harley-Davidson by 18.3% in the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock valued at $443,000 after purchasing an additional 2,712 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after purchasing an additional 1,278 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Harley-Davidson by 32.8% in the 2nd quarter. Federated Hermes Inc. now owns 16,076 shares of the company’s stock valued at $379,000 after purchasing an additional 3,967 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Harley-Davidson by 12.0% during the 2nd quarter. California Public Employees Retirement System now owns 204,156 shares of the company’s stock worth $4,818,000 after buying an additional 21,913 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HOG shares. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Robert W. Baird boosted their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Wells Fargo & Company increased their target price on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. UBS Group raised their target price on shares of Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.11.

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.