Harley-Davidson Inc (NYSE:HOG) declared a quarterly dividend on Monday, September 10th, Wall Street Journal reports. Investors of record on Tuesday, September 18th will be given a dividend of 0.37 per share on Friday, September 28th. This represents a $1.48 annualized dividend and a yield of 3.38%. The ex-dividend date is Monday, September 17th.
Harley-Davidson has increased 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 payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Harley-Davidson to earn $3.82 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 38.7%.
NYSE HOG traded down $0.22 during mid-day trading on Monday, hitting $43.74. The stock had a trading volume of 1,881,100 shares, compared to its average volume of 2,400,892. Harley-Davidson has a twelve month low of $39.34 and a twelve month high of $56.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.21 and a current ratio of 1.35. The company has a market cap of $7.54 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.46 and a beta of 0.93.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.11. Harley-Davidson had a return on equity of 31.70% and a net margin of 10.08%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $1.48 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Harley-Davidson will post 3.87 EPS for the current fiscal year.
In other news, insider Lawrence G. Hund sold 37,040 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $43.33, for a total transaction of $1,604,943.20. Following the completion of the transaction, the insider now directly owns 29,715 shares in the company, valued at approximately $1,287,550.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John A. Olin sold 12,587 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total value of $547,282.76. Following the transaction, the chief financial officer now owns 55,016 shares of the company’s stock, valued at $2,392,095.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,225 shares of company stock valued at $2,221,739. Company insiders own 0.58% of the company’s stock.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 11th. Citigroup raised their target price on Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Wolfe Research assumed coverage on Harley-Davidson in a research note on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 target price for the company. Stifel Nicolaus raised their target price on Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Finally, DA Davidson reaffirmed a “sell” rating on shares of Harley-Davidson in a research note on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.92.
Harley-Davidson Company Profile
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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