Skylands Capital LLC Has $1.09 Million Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Skylands Capital LLC grew its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 79.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,200 shares of the company's stock after purchasing an additional 19,100 shares during the period. Skylands Capital LLC's holdings in Harley-Davidson were worth $1,091,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC lifted its position in Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock worth $56,000 after buying an additional 846 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock worth $44,295,000 after acquiring an additional 157,939 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Harley-Davidson during the fourth quarter worth $690,000. Proficio Capital Partners LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at $1,341,000. Finally, Jones Financial Companies Lllp boosted its position in Harley-Davidson by 62.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,156 shares of the company's stock valued at $95,000 after purchasing an additional 1,215 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HOG shares. Citigroup raised their price target on Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Robert W. Baird raised their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, DA Davidson reiterated a "buy" rating and issued a $31.00 target price on shares of Harley-Davidson in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $30.00.

Harley-Davidson Stock Up 1.5%

Shares of NYSE HOG traded up $0.38 during mid-day trading on Wednesday, reaching $25.43. 1,514,412 shares of the company traded hands, compared to its average volume of 1,943,999. The company's fifty day moving average is $24.08 and its two-hundred day moving average is $25.70. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 1.56. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The stock has a market cap of $3.09 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The firm had revenue of $315.24 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The company's revenue was down 23.2% on a year-over-year basis. On average, analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Monday, June 2nd. Harley-Davidson's dividend payout ratio is currently 26.87%.

Harley-Davidson Profile

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, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.