Harley-Davidson (NYSE:HOG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Harley-Davidson, Inc. (NYSE:HOG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.75 and traded as high as $24.64. Harley-Davidson shares last traded at $24.4640, with a volume of 2,359,502 shares.

Wall Street Analyst Weigh In

HOG has been the subject of a number of recent analyst reports. Wall Street Zen lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Wells Fargo & Company lifted their price objective on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Wolfe Research restated an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Finally, Morgan Stanley raised their price target on Harley-Davidson from $12.00 to $15.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.22.

Harley-Davidson Trading Up 1.0%

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66. The stock’s 50 day moving average is $24.56 and its 200-day moving average is $21.75. The company has a market capitalization of $2.58 billion, a P/E ratio of 13.90, a P/E/G ratio of 14.71 and a beta of 1.26.

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

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were given a dividend of $0.1875 per share. The ex-dividend date was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 3.1%. Harley-Davidson’s payout ratio is currently 42.61%.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $24.21, for a total transaction of $37,622.34. Following the completion of the transaction, the chief financial officer owned 32,508 shares of the company’s stock, valued at approximately $787,018.68. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the sale, the insider owned 30,012 shares in the company, valued at approximately $780,312. This trade represents a 4.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HOG. EverSource Wealth Advisors LLC boosted its stake in Harley-Davidson by 139.0% during the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock worth $26,000 after acquiring an additional 549 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Harley-Davidson in the fourth quarter worth about $30,000. Fifth Third Bancorp increased its stake in shares of 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 purchasing an additional 579 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Harley-Davidson by 1,758.9% during the first quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock valued at $59,000 after purchasing an additional 2,779 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

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.