Artie Starrs Buys 10,000 Shares of Harley-Davidson (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) CEO Artie Starrs purchased 10,000 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $25.89 per share, for a total transaction of $258,900.00. Following the completion of the purchase, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $647,250. The trade was a 66.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Harley-Davidson Stock Performance

HOG opened at $26.01 on Thursday. The firm has a market capitalization of $2.71 billion, a PE ratio of 15.96, a PEG ratio of 18.13 and a beta of 1.27. Harley-Davidson, Inc. has a 52-week low of $17.09 and a 52-week high of $31.25. The business’s 50-day simple moving average is $25.57 and its 200 day simple moving average is $22.80. 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 released its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating 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 the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Harley-Davidson, Inc. will post 0.51 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s payout ratio is 46.01%.

Institutional Investors Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Harley-Davidson by 62.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after acquiring an additional 33,097 shares during the last quarter. Empowered Funds LLC grew its holdings in Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock worth $443,000 after acquiring an additional 2,712 shares during the period. Geneos Wealth Management Inc. increased its holdings in Harley-Davidson by 153.8% in the first 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 in the last quarter. Federated Hermes Inc. increased its stake in shares of Harley-Davidson by 32.8% in the 2nd quarter. Federated Hermes Inc. now owns 16,076 shares of the company’s stock valued at $379,000 after acquiring an additional 3,967 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Harley-Davidson by 12.0% in the second quarter. California Public Employees Retirement System now owns 204,156 shares of the company’s stock valued at $4,818,000 after purchasing an additional 21,913 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the topic of a number of research reports. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. Robert W. Baird boosted their price objective on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. DA Davidson upped their target price on Harley-Davidson from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Griffin Securities set a $30.00 target price on Harley-Davidson in a research note on Monday, July 6th. Finally, Wells Fargo & Company lifted their price target on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. One research 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.11.

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.