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

Harley-Davidson Inc (NYSE:HOG) was the recipient of some unusual options trading on Monday. Stock investors purchased 4,888 put options on the stock. This is an increase of 482% compared to the average volume of 840 put options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. BlackRock Inc. boosted its position in Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $639,479,000 after buying an additional 10,217,239 shares in the last quarter. Dodge & Cox acquired a new position in Harley-Davidson during the fourth quarter worth approximately $517,798,000. Norges Bank acquired a new position in Harley-Davidson during the fourth quarter worth approximately $115,866,000. Vanguard Group Inc. boosted its position in Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $1,053,712,000 after buying an additional 534,966 shares in the last quarter. Finally, AKO Capital LLP acquired a new position in Harley-Davidson during the first quarter worth approximately $26,336,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

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 dropped their price target 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 issued a $52.00 price target (down 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 stock a “hold” rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.12.

Harley-Davidson (NYSE:HOG) opened at 54.11 on Wednesday. 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 $58.18 and a 200-day moving average price of $58.59. The company has a market cap of $9.52 billion, a P/E ratio of 15.43 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Equities research analysts anticipate that Harley-Davidson will post $3.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a dividend of $0.365 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.70%. Harley-Davidson’s dividend payout ratio is 38.22%.

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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.

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