Harley-Davidson (HOG) Board Announces Share Repurchase Program

Harley-Davidson (NYSE:HOG) declared that its Board of Directors has authorized a stock buyback plan, which permits the company to buyback 15,000,000 shares on Monday, February 5th, EventVestor reports. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

HOG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, January 2nd. Goldman Sachs Group reiterated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. ValuEngine lowered Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Longbow Research lowered Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price target (down previously from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Harley-Davidson (NYSE HOG) traded up $0.20 on Wednesday, hitting $48.82. The stock had a trading volume of 406,942 shares, compared to its average volume of 3,330,818. Harley-Davidson has a 52 week low of $44.52 and a 52 week high of $63.40. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06. The stock has a market cap of $7,808.90, a P/E ratio of 16.32, a PEG ratio of 1.44 and a beta of 0.84.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business earned $0.27 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. equities analysts forecast that Harley-Davidson will post 3.8 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be issued a $0.37 dividend. This represents a yield of 0.00761003702180173%. The ex-dividend date of this dividend is Tuesday, February 13th. Harley-Davidson’s dividend payout ratio (DPR) is currently 48.99%.

In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $47.62, for a total value of $41,429.40. Following the sale, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

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Harley-Davidson Company Profile

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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