Harley-Davidson Sees Unusually High Options Volume (HOG)

Harley-Davidson Inc (NYSE:HOG) saw some unusual options trading activity on Monday. Stock traders bought 4,888 put options on the stock. This is an increase of approximately 482% compared to the typical daily volume of 840 put options.

In other news, SVP Michelle Kumbier sold 3,049 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. Dodge & Cox bought a new position in Harley-Davidson during the fourth quarter worth about $ 517,798,000. Independent Franchise Partners LLP raised its position in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp raised its position in Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares during the last quarter. LSV Asset Management raised its position in Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock worth $ 242,267,000 after buying an additional 80,843 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock worth $ 150,281,000 after buying an additional 60,156 shares during the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson (NYSE:HOG) traded up 1.02% on Friday, reaching $ 56.19. 1,729,673 shares of the company’s stock were exchanged. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a 50 day moving average price of $ 59.21 and a 200 day moving average price of $ 58.49.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company earned $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the business earned $ 1.36 earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities research analysts expect that Harley-Davidson will post $ 3.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is currently 38.22%.

A number of analysts have weighed in on the stock. Citigroup Inc reduced their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada lifted their price target on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $ 56.12.

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About Harley-Davidson

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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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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