Investors Purchase High Volume of Harley-Davidson Put Options (HOG)

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

Shares of Harley-Davidson (NYSE:HOG) opened at $54.41 on Friday. The firm has a market capitalization of $9,160.00, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.71 and a beta of 0.96. Harley-Davidson has a twelve month low of $44.52 and a twelve month high of $63.40. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. equities research analysts expect that Harley-Davidson will post 3.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Thursday, December 14th. Harley-Davidson’s dividend payout ratio is presently 45.77%.

A number of equities research analysts recently issued reports on HOG shares. Zacks Investment Research downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Longbow Research downgraded Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Wedbush set a $45.00 price target on Harley-Davidson and gave the stock a “hold” rating in a research report on Sunday, October 8th. BMO Capital Markets reissued a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a research report on Friday, October 13th. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.82.

In related news, Director Jochen Zeitz sold 1,859 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $88,860.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lawrence G. Hund sold 8,660 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total value of $405,980.80. The disclosure for this sale can be found here. Insiders have sold 58,726 shares of company stock worth $2,816,641 in the last three months. 0.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of HOG. Capital Research Global Investors boosted its holdings in shares of Harley-Davidson by 605.1% in the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after purchasing an additional 14,359,571 shares in the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of Harley-Davidson by 53.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after purchasing an additional 2,815,749 shares in the last quarter. Impala Asset Management LLC boosted its holdings in shares of Harley-Davidson by 60.2% in the 2nd quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock valued at $112,223,000 after purchasing an additional 780,371 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Harley-Davidson by 2,910.0% during the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after acquiring an additional 541,280 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Harley-Davidson by 18.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock valued at $153,476,000 after acquiring an additional 488,628 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

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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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