Traders Buy High Volume of Harley-Davidson Call Options (HOG)

Harley-Davidson Inc (NYSE:HOG) was the target of some unusual options trading on Monday. Investors purchased 6,496 call options on the stock. This represents an increase of approximately 774% compared to the typical volume of 743 call options.

Shares of Harley-Davidson (NYSE:HOG) opened at 56.41 on Thursday. The stock has a market cap of $ 9.85 billion, a PE ratio of 14.73 and a beta of 0.88. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm has a 50-day moving average price of $ 60.15 and a 200-day moving average price of $ 58.07.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. The firm 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 firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $ 1.36 EPS. On average, analysts forecast that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.

In other news, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the completion of the transaction, the vice president now owns 2,195 shares in the company, valued at approximately $ 125,115. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the transaction, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock valued at $ 5,912,378 in the last quarter. Company insiders own 0.99% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HOG. Stratos Wealth Partners LTD. increased its stake in shares of Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock valued at $ 2,058,000 after buying an additional 665 shares during the last quarter. Westpac Banking Corp increased its stake in shares of Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock valued at $ 7,228,000 after buying an additional 18,840 shares during the last quarter. FMR LLC increased its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in shares of Harley-Davidson during the third quarter valued at $ 4,591,000. Finally, Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Royal Bank of Canada decreased their price objective on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a research note on Wednesday. Wedbush decreased their price objective on Harley-Davidson from $ 55.00 to $ 53.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Group LLC reiterated a “hold” rating and issued a $ 49.00 price objective on shares of Harley-Davidson in a research note on Thursday, April 6th. Finally, Citigroup Inc decreased their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $ 56.12.

COPYRIGHT VIOLATION NOTICE: “Traders Buy High Volume of Harley-Davidson Call Options (HOG)” was reported by Markets Daily and is the property of of Markets Daily. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/04/20/traders-buy-high-volume-of-harley-davidson-call-options-hog.html.

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.

5 Day Chart for NYSE:HOG

Let’s block ads! (Why?)

Google Alert – harley davidson news

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.

Leave a Reply

Your email address will not be published. Required fields are marked *