Gayle Littleton Buys 7,500 Shares of Harley-Davidson (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) CAO Gayle Littleton acquired 7,500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were bought 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. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Harley-Davidson Price Performance

HOG stock opened at $27.74 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 18.89 and a beta of 1.27. The company’s 50-day moving average is $25.71 and its 200-day moving average is $22.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25.

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

Harley-Davidson Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HOG shares. Weiss Ratings raised Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Loop Capital raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, July 20th. Griffin Securities set a $30.00 price target on shares of Harley-Davidson in a research report on Monday, July 6th. Morgan Stanley boosted their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.11.

Institutional Trading of Harley-Davidson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management raised its stake in shares of Harley-Davidson by 4.7% in the third quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock worth $284,000 after purchasing an additional 454 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of Harley-Davidson by 1.8% during the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock valued at $575,000 after buying an additional 500 shares during the last quarter. Fifth Third Bancorp grew its holdings in Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Harley-Davidson by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock worth $490,000 after buying an additional 600 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its position in Harley-Davidson by 3.4% in 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 last quarter. 85.10% of the stock is owned by 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.