Harley-Davidson Target of Unusually High Options Trading (HOG)

Harley-Davidson Inc (NYSE:HOG) was the recipient of some unusual options trading on Monday. Traders acquired 6,496 call options on the company. This is an increase of 774% compared to the typical daily volume of 743 call options.

Harley-Davidson (NYSE:HOG) opened at 56.19 on Friday. The company’s 50-day moving average price is $ 59.11 and its 200-day moving average price is $ 58.56. The stock has a market cap of $ 9.89 billion, a PE ratio of 16.02 and a beta of 0.88. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $ 1.36 EPS. On average, equities analysts expect that Harley-Davidson will post $ 3.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.

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

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 transaction of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,960 shares of company stock worth $ 5,912,378. Insiders own 0.99% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its stake in 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 worth $ 302,000 after buying an additional 20 shares during the period. Concert Wealth Management Inc. boosted its stake in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares during the period. Leavell Investment Management Inc. boosted its stake in Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock worth $ 335,000 after buying an additional 34 shares during the period. Fulton Bank N.A. boosted its stake in Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $ 561,000 after buying an additional 38 shares during the period. Finally, World Asset Management Inc boosted its stake in Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock worth $ 983,000 after buying an additional 121 shares during the period. 89.54% of the stock is owned by institutional investors.

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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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