Harley-Davidson Inc (NYSE:HOG) declared a quarterly dividend on Monday, May 1st. Stockholders of record on Thursday, May 25th will be given a dividend of 0.365 per share on Friday, June 9th. This represents a $ 1.46 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, May 23rd.
Harley-Davidson has increased its dividend by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Harley-Davidson has a payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $ 4.15 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 35.2%.
Harley-Davidson (NYSE:HOG) opened at 56.39 on Tuesday. The stock has a market capitalization of $ 9.92 billion, a price-to-earnings ratio of 16.08 and a beta of 0.88. The stock’s 50 day moving average price is $ 59.76 and its 200 day moving average price is $ 58.51. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $ 1.36 EPS. On average, analysts forecast that Harley-Davidson will post $ 3.76 EPS for the current year.
In related news, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the sale, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,960 shares of company stock valued at $ 5,912,378. 0.99% of the stock is owned by corporate insiders.
Several research analysts recently issued reports on HOG shares. Sanford C. Bernstein cut their price objective on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. Barclays PLC restated an “equal weight” rating and set a $ 52.00 price objective (down from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Deutsche Bank AG restated a “hold” rating and set a $ 50.00 price objective (down from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Royal Bank of Canada cut their price objective on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $ 56.12.
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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