Daniel Nova Acquires 40,000 Shares of Harley-Davidson (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) Director Daniel Nova acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $24.57 per share, for a total transaction of $982,800.00. Following the completion of the acquisition, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $26.50 on Wednesday. The firm has a 50 day moving average of $25.35 and a 200 day moving average of $22.57. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 17.34 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) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The business 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%.The business’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. On average, sell-side analysts predict that Harley-Davidson, Inc. will post 0.5 earnings per share 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 issued a $0.1875 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a yield of 2.8%. Harley-Davidson’s payout ratio is currently 46.01%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. RVW Wealth LLC acquired a new position in Harley-Davidson during the second quarter valued at $14,775,000. GAMMA Investing LLC lifted its holdings in Harley-Davidson by 47.7% in the second quarter. GAMMA Investing LLC now owns 6,852 shares of the company’s stock valued at $168,000 after acquiring an additional 2,212 shares during the period. Versant Capital Management Inc grew its stake in shares of Harley-Davidson by 858.2% during the 2nd 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. Hilltop National Bank grew its stake in shares of Harley-Davidson by 86.8% during the 2nd quarter. Hilltop National Bank now owns 3,278 shares of the company’s stock worth $80,000 after purchasing an additional 1,523 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of Harley-Davidson by 6,537.2% during the 1st quarter. Pacer Advisors Inc. now owns 937,836 shares of the company’s stock valued at $18,963,000 after purchasing an additional 923,706 shares in 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 research firms have recently weighed in on HOG. Wells Fargo & Company raised their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Loop Capital upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, July 20th. Citigroup increased their target price on shares of Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Sunday, July 12th. Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Finally, DA Davidson upped their price target on Harley-Davidson from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock 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.