Harley-Davidson, Inc. (HOG) To Go Ex-Dividend on September 16th

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Wednesday, September 4th, NASDAQ reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.1725 per share on Friday, September 27th. This represents a $0.69 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Monday, September 16th.

Harley-Davidson has raised its dividend by an average of 14.5% annually over the last three years. Harley-Davidson has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Harley-Davidson to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.69 annual dividend with an expected future payout ratio of 14.5%.

Harley-Davidson Stock Down 0.2 %

Shares of NYSE HOG opened at $37.44 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16. The stock’s 50-day simple moving average is $35.64 and its 200-day simple moving average is $36.79. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $1.22 EPS. Harley-Davidson’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts anticipate that Harley-Davidson will post 4.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HOG. UBS Group upped their price target on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Citigroup cut their target price on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Finally, Robert W. Baird lifted their price target on Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.29.

Harley-Davidson announced that its board has authorized a share repurchase program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 19.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.