What’s Harley-Davidson Inc Upside After Today’s Bullish Options Activity?

 What's Harley Davidson Inc Upside After Today's Bullish Options Activity?

In today’s session Harley-Davidson Inc (HOG) registered an unusually high (3,962) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious HOG increase. With 3,962 contracts traded and 53044 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: HOG161021C00052500 closed last at: $0.72 or 30.1% down. About 183,765 shares traded hands. Harley-Davidson Inc (NYSE:HOG) has risen 11.59% since March 16, 2016 and is uptrending. It has outperformed by 6.05% the S&P500.

Harley-Davidson Inc (NYSE:HOG) Ratings Coverage

Out of 19 analysts covering Harley-Davidson (NYSE:HOG), 3 rate it a “Buy”, 3 “Sell”, while 13 “Hold”. This means 16% are positive. $78 is the highest target while $40 is the lowest. The $53.84 average target is -1.23% below today’s ($54.51) stock price. Harley-Davidson has been the topic of 43 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Monday, August 24 by Vetr. The firm has “Market Perform” rating given on Friday, July 29 by Wells Fargo. The stock has “Hold” rating given by Vetr on Tuesday, August 11. Wedbush maintained Harley-Davidson Inc (NYSE:HOG) on Monday, May 16 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, November 24 by Wedbush. The rating was downgraded by Raymond James on Monday, January 11 to “Underperform”. The rating was maintained by Stifel Nicolaus on Wednesday, October 19 with “Hold”. The firm has “Neutral” rating given on Wednesday, July 6 by Robert W. Baird. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 15 report. Wunderlich maintained the stock with “Hold” rating in Thursday, January 28 report.

According to Zacks Investment Research, “Harley-Davidson is an American motorcycle manufacturer. The company operates in two segments: Motorcycles and Related Products and Financial Services. The Motorcycles segment designs, manufactures and sells heavyweight touring, custom and performance motorcycles as well as a complete line of motorcycle parts, accessories and general merchandise. The Financial Services is engaged in the business of financing and servicing wholesale inventory receivables and consumer retail installment sales contracts (primarily motorcycles).”

Insitutional Activity: The institutional sentiment increased to 0.85 in 2016 Q2. Its up 0.06, from 0.79 in 2016Q1. The ratio improved, as 51 funds sold all Harley-Davidson Inc shares owned while 166 reduced positions. 40 funds bought stakes while 144 increased positions. They now own 166.01 million shares or 2.69% more from 161.66 million shares in 2016Q1.
Blackhill has invested 0% of its portfolio in Harley-Davidson Inc (NYSE:HOG). Invsts Capital Advisory has invested 0.04% of its portfolio in Harley-Davidson Inc (NYSE:HOG). Cubist Systematic Strategies Llc holds 0.01% or 5,412 shares in its portfolio. Hudock Capital Ltd Limited Liability Company holds 0.01% or 317 shares in its portfolio. Assetmark, a California-based fund reported 1,359 shares. Reilly Financial Advsr Ltd Limited Liability Company holds 200 shares or 0% of its portfolio. Oarsman Inc has 5,969 shares for 0.14% of their US portfolio. Moreover, Fulton Comml Bank Na has 0.04% invested in Harley-Davidson Inc (NYSE:HOG) for 9,249 shares. Tokio Marine Asset Management Company has 0.03% invested in the company for 6,764 shares. Susquehanna Grp Llp has 0% invested in the company for 44,705 shares. Osborn Rohs Williams & Donohoe Ltd last reported 0.15% of its portfolio in the stock. Janus Mgmt Limited Co holds 0.02% of its portfolio in Harley-Davidson Inc (NYSE:HOG) for 576,848 shares. Todd Asset Management Ltd Liability reported 266,854 shares or 0.39% of all its holdings. Redmond Asset Management Limited Liability Company holds 0.9% of its portfolio in Harley-Davidson Inc (NYSE:HOG) for 39,820 shares. Geode Lc holds 0.04% or 1.48M shares in its portfolio.

Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 5 insider sales for $2.24 million net activity. On Thursday, August 4 KORNETZKE MARK R sold $87,676 worth of the stock or 1,681 shares. Shares for $109,047 were sold by CALAWAY TONIT M. Kumbier Michelle sold $1.23 million worth of stock or 26,667 shares. 2,230 Harley-Davidson Inc (NYSE:HOG) shares with value of $117,859 were sold by ZEITZ JOCHEN. $667,345 worth of Harley-Davidson Inc (NYSE:HOG) was sold by HUND LAWRENCE G. Shares for $136,001 were sold by Jones Paul J.

Harley-Davidson, Inc. is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company and Harley-Davidson Financial Services (HDFS). The company has a market cap of $10.63 billion. The Firm operates in two divisions: the Motorcycles & Related Products (Motorcycles) and the Financial Services. It has a 14.46 P/E ratio. The Motorcycles segment consists of HDMC, which designs, makes and sells at wholesale on-road l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.

HOG Company Profile

Harley-Davidson, Inc., incorporated on March 8, 1991, is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Firm operates in two divisions: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Firm operates across the world, including the Americas, Europe/Middle East/Africa (EMEA) and Asia-Pacific.

More notable recent Harley-Davidson Inc (NYSE:HOG) news were published by: Fool.com which released: “Why Harley-Davidson Inc Shares Popped 10% Today” on October 18, 2016, also Marketwatch.com with their article: “Harley-Davidson revenue tops estimates, to cut costs in fourth quarter” published on October 18, 2016, Reuters.com published: “Harley-Davidson eyes Asian riders to rev up growth” on October 13, 2016. More interesting news about Harley-Davidson Inc (NYSE:HOG) were released by: Fool.com and their article: “This Matters More to Investors Than Whether Harley-Davidson Inc Gets Acquired” published on September 23, 2016 as well as Investorplace.com‘s news article titled: “Why Del Taco Restaurants Inc (TACO), Harley-Davidson Inc (HOG) and Netflix …” with publication date: October 18, 2016.

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