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.
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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.