Jefferies Financial Group Inc. Makes New Investment in Harley-Davidson, Inc. $HOG

Jefferies Financial Group Inc. bought a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,546 shares of the company’s stock, valued at approximately $992,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management increased its holdings in shares of Harley-Davidson by 4.7% during the third quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock valued at $284,000 after purchasing an additional 454 shares during the period. State of Michigan Retirement System lifted its holdings in Harley-Davidson by 1.8% in the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock worth $575,000 after purchasing an additional 500 shares during the period. Fifth Third Bancorp lifted its holdings in 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. Oregon Public Employees Retirement Fund grew its position in Harley-Davidson by 2.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock valued at $490,000 after buying an additional 600 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its stake in Harley-Davidson by 3.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock valued at $738,000 after buying an additional 872 shares during the period. Institutional investors own 85.10% of the company’s stock.

Insider Buying and Selling at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Gayle Littleton acquired 7,500 shares of Harley-Davidson stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $26.38 per share, with a total value of $197,850.00. Following the completion of the purchase, the chief accounting officer owned 7,500 shares in the company, valued at approximately $197,850. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 57,500 shares of company stock valued at $1,439,550 in the last ninety days. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

HOG has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Citigroup upped their target price on Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Sunday, July 12th. Finally, Loop Capital raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.78.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $28.09 on Monday. Harley-Davidson, Inc. has a 52 week low of $17.09 and a 52 week high of $31.25. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.92 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 17.35 and a beta of 1.27. The company’s 50-day moving average price is $26.15 and its two-hundred day moving average price is $23.45.

Harley-Davidson (NYSE:HOG) last posted 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 during 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%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. As a group, sell-side analysts anticipate that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

Harley-Davidson 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.