Harley-Davidson (NYSE:HOG) CAO Acquires $197,850.00 in Stock

Harley-Davidson, Inc. (NYSE:HOG) CAO Gayle Littleton acquired 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $26.38 per share, for a total transaction of $197,850.00. Following the acquisition, the chief accounting officer directly owned 7,500 shares of the company’s stock, valued at approximately $197,850. The trade was a ∞ 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 hyperlink.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $27.74 on Friday. The company has a market cap of $2.89 billion, a P/E ratio of 17.02, a P/E/G ratio of 18.84 and a beta of 1.27. The business has a fifty day simple moving average of $25.71 and a 200-day simple moving average of $22.89. Harley-Davidson, Inc. has a 52 week low of $17.09 and a 52 week high of $31.25. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.

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

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.7%. Harley-Davidson’s dividend payout ratio is currently 46.01%.

Hedge Funds Weigh In On Harley-Davidson

Hedge funds and other institutional investors have recently modified their holdings of the company. Aberdeen Wealth Management LLC purchased a new stake in shares of Harley-Davidson during the 2nd quarter worth about $29,000. Pinnacle Holdings LLC purchased a new position in Harley-Davidson in the fourth quarter valued at approximately $30,000. Fifth Third Bancorp lifted its position in Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after buying an additional 579 shares in the last quarter. Versant Capital Management Inc lifted its position in Harley-Davidson by 858.2% during the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock valued at $40,000 after buying an additional 1,459 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after buying an additional 1,278 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HOG has been the topic of several research analyst reports. Wells Fargo & Company raised 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. DA Davidson upped their price target on shares of Harley-Davidson from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Griffin Securities set a $30.00 price target on shares of Harley-Davidson in a report on Monday, July 6th. Finally, Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. One equities research 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.