Investors Buy High Volume of Harley-Davidson Put Options (HOG)

Harley-Davidson Inc (NYSE:HOG) was the recipient of unusually large options trading activity on Monday. Investors bought 4,888 put options on the company. This represents an increase of 482% compared to the typical volume of 840 put options.

Several analysts recently issued reports on HOG shares. Citigroup Inc cut their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Morgan Stanley restated an “overweight” rating and set a $ 59.00 target price (down from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Wedbush restated a “hold” rating and set a $ 53.00 target price (up from $ 48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. Finally, Royal Bank of Canada boosted their target price on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and an average price target of $ 56.12.

Shares of Harley-Davidson (NYSE:HOG) opened at 55.54 on Friday. The company’s 50-day moving average is $ 58.76 and its 200-day moving average is $ 58.62. The stock has a market cap of $ 9.78 billion, a P/E ratio of 15.84 and a beta of 0.88. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the business posted $ 1.36 EPS. Equities analysts expect that Harley-Davidson will post $ 3.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.63%. Harley-Davidson’s payout ratio is currently 38.22%.

Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its stake in shares of Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock valued at $ 302,000 after buying an additional 20 shares during the last quarter. Concert Wealth Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $ 261,000 after buying an additional 28 shares during the last quarter. Leavell Investment Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $ 335,000 after buying an additional 34 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock valued at $ 561,000 after buying an additional 38 shares during the last quarter. Finally, First Business Financial Services Inc. increased its stake in shares of Harley-Davidson by 1.2% in the first quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock valued at $ 539,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 89.54% 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.

5 Day Chart for NYSE:HOG

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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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