Harley-Davidson Inc (NYSE:HOG) announced a quarterly dividend on Tuesday, February 6th, Fidelity reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.37 per share on Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37.
Harley-Davidson has raised its dividend by an average of 9.9% annually over the last three years and has raised its dividend every year for the last 7 years. Harley-Davidson has a dividend payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $4.14 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 35.3%.
Shares of Harley-Davidson (NYSE:HOG) traded up $0.97 during trading hours on Wednesday, hitting $48.22. 1,258,837 shares of the stock were exchanged, compared to its average volume of 3,224,510. The firm has a market capitalization of $8,137.07, a price-to-earnings ratio of 16.07, a PEG ratio of 1.61 and a beta of 0.84. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. Harley-Davidson has a 52 week low of $44.52 and a 52 week high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.27 earnings per share. Harley-Davidson’s quarterly revenue was up 12.2% on a year-over-year basis. research analysts anticipate that Harley-Davidson will post 3.75 earnings per share for the current fiscal year.
HOG has been the subject of several research analyst reports. Goldman Sachs Group downgraded shares of Harley-Davidson to a “hold” rating and set a $43.00 price target for the company. in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, February 2nd. Wedbush lifted their price objective on shares of Harley-Davidson from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, December 7th. Stifel Nicolaus boosted their price target on shares of Harley-Davidson from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, TheStreet cut shares of Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.00.
Harley-Davidson announced that its board has authorized a stock repurchase plan on Monday, February 5th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, VP Tchernavia Rocker sold 1,401 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $47.74, for a total value of $66,883.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Jones sold 870 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the sale, the vice president now directly owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
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Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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