Harley-Davidson, Inc. (HOG) To Go Ex-Dividend on February 28th

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Friday, February 14th, RTT News reports. Investors of record on Friday, February 28th will be paid a dividend of 0.18 per share on Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17.

Harley-Davidson has increased its dividend payment by an average of 4.8% per year over the last three years. Harley-Davidson has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Harley-Davidson to earn $4.43 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 16.3%.

Harley-Davidson Price Performance

Shares of HOG opened at $26.54 on Wednesday. The firm has a market cap of $3.38 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46. Harley-Davidson has a 52-week low of $25.25 and a 52-week high of $44.16. The business’s 50 day moving average price is $28.28 and its two-hundred day moving average price is $32.66. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the company posted $0.18 EPS. On average, equities analysts anticipate that Harley-Davidson will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on HOG shares. DA Davidson reduced their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Citigroup reduced their price objective on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Bank of America lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley lowered their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.57.

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.