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

Harley-Davidson Inc (NYSE:HOG) was the target of unusually large options trading activity on Tuesday. Traders purchased 19,450 put options on the company. This represents an increase of approximately 1,100% compared to the typical volume of 1,621 put options.

A number of equities analysts have weighed in on the stock. Wedbush cut their target price on shares of Harley-Davidson to $49.00 and set a “neutral” rating for the company in a research report on Wednesday. Zacks Investment Research lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Goldman Sachs Group lowered shares of Harley-Davidson to a “hold” rating and set a $43.00 target price for the company. in a research report on Wednesday, January 3rd. Longbow Research lowered shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Finally, Argus upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.82.

In other Harley-Davidson news, Director Jochen Zeitz sold 1,859 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John A. Olin sold 28,760 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the transaction, the chief financial officer now owns 65,722 shares of the company’s stock, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. Insiders have sold 58,726 shares of company stock valued at $2,816,641 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in Harley-Davidson during the third quarter valued at approximately $166,000. TLP Group LLC bought a new stake in Harley-Davidson during the second quarter valued at approximately $255,000. Profund Advisors LLC lifted its position in Harley-Davidson by 29.5% during the second quarter. Profund Advisors LLC now owns 5,487 shares of the company’s stock valued at $296,000 after purchasing an additional 1,251 shares during the last quarter. Parametrica Management Ltd bought a new stake in Harley-Davidson during the third quarter valued at approximately $269,000. Finally, IFM Investors Pty Ltd bought a new stake in Harley-Davidson during the third quarter valued at approximately $280,000. Institutional investors own 97.18% of the company’s stock.

Harley-Davidson (HOG) opened at $53.63 on Friday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03. Harley-Davidson has a 1 year low of $44.52 and a 1 year high of $63.40. The company has a market cap of $9,030.00, a P/E ratio of 16.81, a PEG ratio of 1.62 and a beta of 0.96.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. Harley-Davidson had a net margin of 5.93% and a return on equity of 14.02%. The company had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same period last year, the business earned $0.64 earnings per share. Harley-Davidson’s revenue was down 11.9% compared to the same quarter last year. analysts predict that Harley-Davidson will post 3.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.365 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.72%. Harley-Davidson’s dividend payout ratio (DPR) is currently 45.77%.

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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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