Deutsche Bank AG Acquires Shares of 112,908 Harley-Davidson, Inc. $HOG

Deutsche Bank AG bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 112,908 shares of the company’s stock, valued at approximately $2,762,000.

Several other institutional investors have also made changes to their positions in HOG. Pinnacle Holdings LLC bought a new stake in shares of Harley-Davidson during the 4th quarter valued at $30,000. Versant Capital Management Inc increased its position in shares of Harley-Davidson by 858.2% in the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after purchasing an additional 1,459 shares during the period. Fifth Third Bancorp increased its position in shares of Harley-Davidson by 48.9% in the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after purchasing an additional 579 shares during the period. Geneos Wealth Management Inc. raised its stake in Harley-Davidson by 153.8% in the first 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. Finally, Bessemer Group Inc. raised its stake in Harley-Davidson by 1,758.9% in the first quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock valued at $59,000 after purchasing an additional 2,779 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Price Performance

HOG stock opened at $27.86 on Friday. The company has a 50 day simple moving average of $26.10 and a 200 day simple moving average of $23.40. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 17.20 and a beta of 1.27. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25. 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 (NYSE:HOG) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.Harley-Davidson’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Research analysts anticipate that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

Insider Transactions at Harley-Davidson

In other news, CEO Artie Starrs purchased 10,000 shares of Harley-Davidson stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $25.89 per share, for a total transaction of $258,900.00. Following the completion of the acquisition, the chief executive officer owned 25,000 shares in the company, valued at approximately $647,250. This trade represents a 66.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Nova acquired 40,000 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $24.57 per share, with a total value of $982,800.00. Following the purchase, the director directly owned 47,605 shares of the company’s stock, valued at $1,169,654.85. This trade represents a 525.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 57,500 shares of company stock valued at $1,439,550 over the last three months. Company insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Weiss Ratings upgraded shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. DA Davidson lifted their price objective on shares of Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, Morgan Stanley boosted their price objective on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.78.

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.