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

Harley-Davidson, Inc. (NYSE:HOG) CFO Jonathan Root sold 1,554 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total value of $42,672.84. Following the transaction, the chief financial officer owned 26,292 shares in the company, valued at $721,978.32. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harley-Davidson Stock Performance

NYSE:HOG opened at $27.60 on Friday. The company has a fifty day moving average of $26.33 and a 200-day moving average of $23.65. The firm has a market capitalization of $2.87 billion, a P/E ratio of 16.93, a P/E/G ratio of 9.14 and a beta of 1.29. 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, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. Harley-Davidson’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. As a group, sell-side analysts anticipate that Harley-Davidson, Inc. will post 0.56 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Harley-Davidson’s dividend payout ratio is 46.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HOG. Morgan Stanley raised their target price on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Griffin Securities set a $33.00 price target on Harley-Davidson in a report on Monday, August 17th. UBS Group raised their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday. Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, July 20th. Finally, Robert W. Baird upped their target price on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Harley-Davidson has an average rating of “Hold” and an average target price of $27.00.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Harley-Davidson in the fourth quarter valued at approximately $25,766,000. State of Wyoming bought a new stake in Harley-Davidson during the second quarter worth $942,000. Robinson Value Management Ltd. bought a new stake in Harley-Davidson during the first quarter worth $3,215,000. Sei Investments Co. boosted its position in Harley-Davidson by 100.8% in the first quarter. Sei Investments Co. now owns 228,009 shares of the company’s stock worth $4,608,000 after purchasing an additional 114,441 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in Harley-Davidson in the first quarter worth $957,000. 85.10% of the stock is owned by 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.