Harley-Davidson (NYSE:HOG) CAO Gayle Littleton Purchases 7,500 Shares

Harley-Davidson, Inc. (NYSE:HOG) CAO Gayle Littleton bought 7,500 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $26.38 per share, with a total value of $197,850.00. Following the completion of the purchase, the chief accounting officer directly owned 7,500 shares in the company, valued at $197,850. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Harley-Davidson Price Performance

HOG opened at $27.92 on Friday. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25. The company’s 50 day simple moving average is $25.64 and its 200 day simple moving average is $22.85. The stock has a market capitalization of $2.91 billion, a PE ratio of 17.13, a P/E/G ratio of 17.62 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Harley-Davidson, Inc. will post 0.51 EPS for the current year.

Harley-Davidson Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Wolfe Research restated an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. Griffin Securities set a $30.00 target price on Harley-Davidson in a report on Monday, July 6th. Wells Fargo & Company lifted their target price on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group boosted their price target on Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.11.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently made changes to their positions in HOG. Aberdeen Wealth Management LLC acquired a new stake in shares of Harley-Davidson in the 2nd quarter worth approximately $29,000. TCM Advisors LLC acquired a new position in shares of Harley-Davidson during the second quarter valued at approximately $739,000. Cibc World Market Inc. bought a new stake in Harley-Davidson during the second quarter worth approximately $409,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Harley-Davidson during the second quarter worth approximately $5,205,000. Finally, Pinnacle Holdings LLC acquired a new stake in Harley-Davidson in the second quarter worth approximately $36,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

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.