Vista Partners’ “Number of the Day” today is “20 million”. We at Vista Partners believe that “20 million” is particularly interesting as U.S. motorcycle maker Harley-Davidson Inc.’s (HOG) board has authorized it to buy back up to “20 million” shares in yet another buyback program. This action among large blue chip companies seems to be common place these days in this low interest environment that the fed continues to fuel. Harley-Davidson Inc. has also raised its quarterly cash dividend dividend to $.275 per share from $.21 per share or an increase of 31 percent. Note that Harley-Davidson had 8.6 million shares left on its previously announced stock repurchase program.
On January 30th, the Harley-Davidson posted a fourth-quarter net profit of $75.4 million, or 34 cents a share, up from $70.6 million, or 31 cents a share, last year. Overall revenue from bikes, parts and accessories, financial services and apparel rose 1.5 percent to $1.2 billion, Harley-Davidson said. Analysts expected the company to report a profit of 34 cents a share on sales of $1.04 billion.
Harley-Davidson, Inc. manufactures heavyweight cruiser and touring motorcycles. The company operates through two segments: the Motorcycles segment and the Financial Services segment. The Motorcycles segment designs and manufactures premium motorcycles for the heavyweight market and sells them at wholesale. This segment manufactures five families of motorcycles: Touring, Dyna, Softail, Sportster, and V-Rod. It also offers limited-edition, factory-custom motorcycles through its custom vehicle operation program. In addition, the company provides motorcycle parts and accessories comprising replacement parts, and mechanical and cosmetic accessories; general merchandise, such as apparel and riding gear; and related services. It also licenses the Harley-Davidson name and other trademarks. This segment sells its products through a network of independent dealers primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The Financial Services segment provides wholesale and retail financing, and insurance and insurance-related programs to dealers and retail customers. It also offers wholesale financial services, including floor plan and open account financing of motorcycles, and motorcycle parts and accessories; and operates an insurance agency that offers point-of-sale protection products to Harley-Davidson dealers in the United States and Canada, including motorcycle insurance. Harley-Davidson, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.
Shares of Harley-Davidson are currently trading at $64.35 per share up $2.20 per share or 3.56%. The 52-week trading range is $49.15 - $70.04 per share.
To learn more about Harley-Davidson Inc.’s (HOG) and to monitor its performance please visit the Vista Partners’ website at the following link where one can find a dedicated company page that includes the latest company and industry news, videos, links to SEC filings, & more under the Vista Partners’ “Consumer Discretionary” section.
Lastly, please note that the FREE Vista Partners’ Monthly Macroeconomic Newsletter for February is now available at the Vista Partners’ website www.vistapglobal.com. Each monthly newsletter from Vista contains macroeconomic thoughts from Principal Analyst Ross Silver, investment considerations, monthly highlights of each covered company and other broad based commentary that reaches across adtech, biotech, energy, healthcare, consumer spending, natural resources, technology, entertainment, sports & more . Anyone can receive the Vista Partners’ Newsletter automatically via email each month for FREE once one takes a few seconds to sign in to the Vista Partners website at www.vistapglobal.com. Currently you can download the current edition under the Newsletter Section of the Vista Partners’ website.
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