Harley-Davidson (NYSE:HOG) CEO Acquires 10,000 Shares of Stock

Harley-Davidson, Inc. (NYSE:HOG) CEO Artie Starrs bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $25.89 per share, with a total value of $258,900.00. Following the completion of 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Harley-Davidson Price Performance

NYSE HOG traded up $0.58 during trading hours on Tuesday, reaching $26.68. 1,673,771 shares of the stock traded hands, compared to its average volume of 3,174,921. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The stock has a 50 day simple moving average of $25.50 and a two-hundred day simple moving average of $22.72. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 17.64 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. On average, analysts predict that Harley-Davidson, Inc. will post 0.51 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a yield of 2.8%. Harley-Davidson’s dividend payout ratio is currently 46.01%.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Harley-Davidson during the second quarter valued at about $249,395,000. Donald Smith & CO. Inc. grew its stake 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 worth $182,345,000 after purchasing an additional 2,095,477 shares during the last quarter. Boston Partners increased its holdings in Harley-Davidson by 2.1% during 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 period. State Street Corp increased its holdings in Harley-Davidson by 1.7% during the 2nd 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 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 valued at $42,675,000 after purchasing an additional 163,762 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Griffin Securities set a $30.00 price objective on shares of Harley-Davidson in a report on Monday, July 6th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Loop Capital upgraded shares of 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. Morgan Stanley boosted their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Finally, Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.11.

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.