Harley-Davidson (NYSE:HOG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Harley-Davidson, Inc. (NYSE:HOG) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.66 and traded as high as $25.66. Harley-Davidson shares last traded at $24.6830, with a volume of 3,055,765 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. UBS Group raised their price objective on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Robert W. Baird set a $28.00 target price on Harley-Davidson in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.22.

Harley-Davidson Stock Down 0.1%

The business’s 50 day moving average is $24.36 and its 200 day moving average is $21.67. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 14.99 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. Sell-side analysts anticipate that Harley-Davidson, Inc. will post 0.39 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 8th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 8th. Harley-Davidson’s dividend payout ratio is presently 42.61%.

Insiders Place Their Bets

In related news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $24.21, for a total value of $37,622.34. Following the completion of the transaction, the chief financial officer owned 32,508 shares in the company, valued at $787,018.68. This trade represents a 4.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of Harley-Davidson stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total value of $40,664.00. Following the sale, the insider directly owned 30,012 shares of the company’s stock, valued at approximately $780,312. This represents a 4.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HOG. Vanguard Group Inc. boosted its position in Harley-Davidson by 7.3% in the third quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after buying an additional 886,998 shares during the last quarter. Donald Smith & CO. Inc. raised its position in Harley-Davidson by 30.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock worth $182,345,000 after buying an additional 2,095,477 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Harley-Davidson by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,597,336 shares of the company’s stock valued at $184,072,000 after acquiring an additional 28,828 shares during the period. Boston Partners boosted its holdings in shares of Harley-Davidson by 2.1% in the 3rd quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after acquiring an additional 84,516 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Harley-Davidson by 1.6% in the 3rd quarter. American Century Companies Inc. now owns 3,946,754 shares of the company’s stock valued at $110,114,000 after acquiring an additional 62,647 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other 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.