Harley-Davidson (NYSE:HOG) CFO Jonathan Root Sells 1,554 Shares

Harley-Davidson, Inc. (NYSE:HOG) CFO Jonathan Root sold 1,554 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total value of $37,979.76. Following the transaction, the chief financial officer owned 29,400 shares in the company, valued at approximately $718,536. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harley-Davidson Price Performance

NYSE:HOG opened at $25.66 on Tuesday. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91. The stock has a market cap of $2.70 billion, a PE ratio of 14.59, a P/E/G ratio of 15.15 and a beta of 1.26. The stock has a 50 day moving average price of $24.66 and a 200 day moving average price of $21.84.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm posted $1.07 EPS. Equities research analysts expect that Harley-Davidson, Inc. will post 0.39 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 2.9%. Harley-Davidson’s payout ratio is presently 42.61%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Robert W. Baird set a $28.00 target price on shares of Harley-Davidson in a report on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. Morgan Stanley raised their price target on shares of Harley-Davidson from $12.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, May 19th. Finally, DA Davidson lifted their price target on shares of Harley-Davidson from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.33.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently bought and sold shares of HOG. EverSource Wealth Advisors LLC increased its position in shares of Harley-Davidson by 139.0% during the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after acquiring an additional 549 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Harley-Davidson in the 4th quarter valued at approximately $30,000. Fifth Third Bancorp lifted its holdings in shares of Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after acquiring an additional 579 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Harley-Davidson by 858.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after acquiring an additional 1,459 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Company 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.