Stock Traders Buy Large Volume of Put Options on Harley-Davidson (HOG)

Harley-Davidson Inc (NYSE:HOG) saw some unusual options trading on Monday. Stock traders acquired 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 related news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the sale, the vice president now directly owns 2,195 shares in the company, valued at approximately $ 125,115. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the company. K.J. Harrison & Partners Inc bought a new stake in Harley-Davidson during the third quarter worth approximately $ 1,010,000. Concert Wealth Management Inc. boosted its position 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 in the last quarter. SeaBridge Investment Advisors LLC acquired a new position in shares of Harley-Davidson during the third quarter valued at $ 4,591,000. Great West Life Assurance Co. Can boosted its position in shares of Harley-Davidson by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 718,229 shares of the company’s stock valued at $ 37,759,000 after buying an additional 18,614 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock valued at $ 1,908,000 after buying an additional 5,927 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on HOG shares. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Citigroup Inc cut their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Barclays PLC reaffirmed an “equal weight” rating and set a $ 52.00 target price (down from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Royal Bank of Canada set a $ 58.00 target price on Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $ 56.12.

Shares of Harley-Davidson (NYSE:HOG) traded down 0.46% during mid-day trading on Monday, reaching $ 56.55. The company had a trading volume of 426,253 shares. The company has a market capitalization of $ 9.95 billion, a P/E ratio of 16.12 and a beta of 0.88. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm has a 50-day moving average of $ 59.86 and a 200-day moving average of $ 58.34.

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

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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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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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