Harley-Davidson Target of Unusually Large Options Trading (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOGGet Free Report) was the recipient of some unusual options trading on Monday. Stock investors bought 3,792 call options on the stock. This represents an increase of approximately 89% compared to the average daily volume of 2,010 call options.

Harley-Davidson Price Performance

Shares of HOG opened at $38.02 on Tuesday. The business’s 50-day moving average is $34.47 and its two-hundred day moving average is $32.74. The company has a market capitalization of $5.30 billion, a P/E ratio of 7.89, a P/E/G ratio of 2.31 and a beta of 1.40. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53. Harley-Davidson has a fifty-two week low of $25.43 and a fifty-two week high of $49.39.

Harley-Davidson (NYSE:HOGGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.14. The company had revenue of $791.65 million for the quarter, compared to the consensus estimate of $875.29 million. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Research analysts predict that Harley-Davidson will post 4.39 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, December 8th. Harley-Davidson’s dividend payout ratio is currently 13.69%.

Wall Street Analyst Weigh In

Several analysts have recently commented on HOG shares. BMO Capital Markets decreased their price objective on Harley-Davidson from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Citigroup increased their price objective on Harley-Davidson from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, December 18th. Finally, TheStreet lowered Harley-Davidson from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.25.

View Our Latest Research Report on Harley-Davidson

Institutional Investors Weigh In On Harley-Davidson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its position in Harley-Davidson by 8.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,571 shares of the company’s stock worth $830,000 after purchasing an additional 1,745 shares during the period. Bank of Montreal Can purchased a new position in shares of Harley-Davidson in the 2nd quarter valued at about $24,686,000. Beutel Goodman & Co Ltd. increased its stake in shares of Harley-Davidson by 2.2% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 7,659,467 shares of the company’s stock valued at $269,689,000 after purchasing an additional 166,961 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Harley-Davidson in the 2nd quarter valued at about $564,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Harley-Davidson by 44.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 35,907 shares of the company’s stock valued at $1,264,000 after purchasing an additional 11,127 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

(Get Free Report)

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.

Further Reading

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