Harley-Davidson Inc (NYSE:HOG) declared a quarterly dividend on Monday, May 1st. Stockholders of record on Thursday, May 25th will be paid a dividend of 0.365 per share on Friday, June 9th. This represents a $ 1.46 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 23rd.
Harley-Davidson has increased its dividend payment 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 dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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%.
Shares of Harley-Davidson (NYSE:HOG) traded down 2.13% on Thursday, hitting $ 55.54. The stock had a trading volume of 1,471,205 shares. The firm has a 50-day moving average price of $ 58.76 and a 200-day moving average price of $ 58.62. The stock has a market capitalization of $ 9.78 billion, a P/E ratio of 15.84 and a beta of 0.88. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter last year, the firm earned $ 1.36 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. Equities analysts expect that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
In other news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now owns 5,523 shares in the company, valued at $ 314,148.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.99% of the stock is currently owned by insiders.
Several equities research analysts recently commented on the company. Sanford C. Bernstein cut their price target on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a report on Friday, April 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $ 52.00 price target (down previously from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and set a $ 50.00 target price (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Royal Bank of Canada cut their target price on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a research note 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. Harley-Davidson presently has an average rating of “Hold” and an average target price 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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