Harley-Davidson, Inc. (NYSE:HOG) Director Rafeh Masood Buys 2,068 Shares

Key Points

• Director Rafeh Masood of Harley-Davidson purchased 2,068 shares at an average price of $24.06, increasing his holdings by 78.42%.
• Harley-Davidson reported $0.88 EPS for its recent quarter, missing consensus estimates by $0.11, with revenue down 19.3% year-over-year.
• The company declared a quarterly dividend of $0.18 per share, representing an annualized yield of 3.0%.

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Harley-Davidson Stock Down 0.4%

HOG traded down $0.10 during trading on Thursday, hitting $24.12. 2,108,233 shares of the company's stock traded hands, compared to its average volume of 2,252,436. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The company's 50 day simple moving average is $24.27 and its two-hundred day simple moving average is $24.74. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.40 and a beta of 1.29.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $1.63 EPS. The company's revenue was down 19.3% on a year-over-year basis. Analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, June 2nd. Harley-Davidson's dividend payout ratio (DPR) is currently 37.31%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup upped their price target on Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. DA Davidson reiterated a "buy" rating and set a $31.00 target price on shares of Harley-Davidson in a research note on Wednesday, April 9th. UBS Group lowered their target price on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Finally, Robert W. Baird boosted their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Harley-Davidson currently has an average rating of "Hold" and a consensus price target of $29.83.

Institutional Investors Weigh In On Harley-Davidson

Several large investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in shares of Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock worth $25,000 after acquiring an additional 949 shares during the last quarter. Assetmark Inc. raised its stake in shares of Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company's stock worth $27,000 after acquiring an additional 713 shares in the last quarter. CX Institutional purchased a new stake in Harley-Davidson in the first quarter valued at about $28,000. Financial Harvest LLC acquired a new stake in shares of Harley-Davidson during the first quarter worth $30,000. Finally, UMB Bank n.a. boosted its position in Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after buying an additional 791 shares during the last quarter. Institutional investors own 85.10% of the company's stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.

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