Street Calls of the Week
MILWAUKEE - Harley-Davidson, Inc. (NYSE:HOG), the motorcycle manufacturer with a market capitalization of $3.65 billion and a FAIR financial health rating according to InvestingPro, announced Monday the appointment of two new independent directors to its Board, effective immediately.
Daniel Nova, General Partner at Highland Capital Partners, and Matt Reintjes, President and Chief Executive Officer of YETI Holdings, Inc. (NYSE:YETI), have joined the motorcycle manufacturer’s board. The appointments come as Harley-Davidson maintains its 33-year streak of consistent dividend payments, with a current yield of 2.41%.
Troy Alstead, Presiding Director, said the new appointees bring expertise in "commercial strategy, brand and product development, operations, supply chain, and finance" that will support incoming CEO Artie Starrs, who takes the helm later this year.
Nova has been with Highland Capital Partners since 1999 and serves on the boards of thredUP and Eversource Energy, where he was named Lead Independent Trustee in 2024.
Reintjes has led YETI Holdings since 2015, overseeing its growth as a global outdoor brand. He previously held executive positions at Vista Outdoor and Danaher Corporation.
The appointments follow the retirement of directors Sara Levinson and Norman Thomas Linebarger, who stepped down on September 9 and September 10, respectively.
With these additions, Harley-Davidson has appointed four new independent members to its nine-member board in the past three years. As previously announced, Alstead will become Chairman of the Board on October 1.
The information in this article is based on a company press release statement.
In other recent news, Harley-Davidson reported its second-quarter earnings for 2025, showcasing a notable revenue performance. The company achieved a revenue of $1.31 billion, surpassing the forecasted $1.1 billion by 19.09%. However, earnings per share (EPS) fell short, coming in at $0.88 compared to the expected $0.96. Despite this earnings miss, the market response was positive. Additionally, Harley-Davidson announced a significant leadership change, appointing Arthur Starrs as the new President and CEO, effective October 1. Starrs, who is currently the CEO of Topgolf, will succeed Jochen Zeitz. In terms of analyst activity, DA Davidson raised its price target for Harley-Davidson to $34 from $31, maintaining a Buy rating. This adjustment followed the company’s earnings report and a transaction involving Harley-Davidson Financial Services with KKR and PIMCO.
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