Harley-Davidson Sees Unusually High Options Volume (NYSE:HOG)

by · The Cerbat Gem

Harley-Davidson, Inc. (NYSE:HOG – Get Free Report) was the target of unusually large options trading on Tuesday. Traders purchased 6,794 put options on the company. This represents an increase of approximately 173% compared to the average daily volume of 2,490 put options.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HOG shares. UBS Group reduced their target price on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. DA Davidson decreased their target price on shares of Harley-Davidson from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Loop Capital initiated coverage on Harley-Davidson in a research note on Tuesday, November 25th. They issued a “hold” rating and a $21.00 price target on the stock. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, Citigroup cut their target price on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.38.

View Our Latest Stock Report on HOG

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock traded down $0.02 during trading on Thursday, hitting $21.03. 293,288 shares of the company’s stock traded hands, compared to its average volume of 2,592,149. Harley-Davidson has a 1 year low of $20.38 and a 1 year high of $31.25. The business has a 50-day simple moving average of $22.53 and a 200-day simple moving average of $25.34. The stock has a market capitalization of $2.48 billion, a P/E ratio of 5.11, a PEG ratio of 0.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.51 and a quick ratio of 2.36.

Harley-Davidson (NYSE:HOG – Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $1.72. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a net margin of 11.37% and a return on equity of 15.19%. As a group, analysts forecast that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 9th. This represents a $0.72 dividend on an annualized basis and a yield of 3.4%. Harley-Davidson’s payout ratio is currently 17.48%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Harley-Davidson by 62.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after purchasing an additional 33,097 shares during the period. Empowered Funds LLC boosted its stake in shares of Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock worth $443,000 after acquiring an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after acquiring an additional 1,278 shares during the period. Voya Investment Management LLC raised its holdings in Harley-Davidson by 31.4% in the 1st quarter. Voya Investment Management LLC now owns 74,655 shares of the company’s stock worth $1,885,000 after purchasing an additional 17,837 shares during the period. Finally, Triumph Capital Management lifted its position in Harley-Davidson by 18.3% during the second quarter. Triumph Capital Management now owns 9,717 shares of the company’s stock valued at $229,000 after purchasing an additional 1,503 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Company Profile

(Get Free Report)

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.

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