Divisar Capital Management LLC Buys Shares of 120,000 Polaris Inc. (NYSE:PII)

Divisar Capital Management LLC acquired a new position in Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 120,000 shares of the company's stock, valued at approximately $6,914,000. Polaris makes up about 1.5% of Divisar Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Divisar Capital Management LLC owned about 0.22% of Polaris as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 402 shares during the period. Twin Tree Management LP purchased a new stake in shares of Polaris during the fourth quarter worth $29,000. Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after purchasing an additional 677 shares during the period. Finally, Signaturefd LLC boosted its stake in Polaris by 82.6% in the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after purchasing an additional 460 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PII. BMO Capital Markets decreased their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. DA Davidson dropped their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Robert W. Baird reduced their target price on Polaris from $40.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Roth Capital reiterated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Polaris has a consensus rating of "Hold" and a consensus price target of $45.36.

Polaris Trading Down 0.8 %

Shares of Polaris stock traded down $0.28 during trading on Tuesday, reaching $33.64. 709,967 shares of the stock were exchanged, compared to its average volume of 1,119,078. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $90.62. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The stock's fifty day moving average is $38.63 and its 200 day moving average is $52.06.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.91) by $0.01. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The business's revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. As a group, equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.67 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 7.97%. Polaris's dividend payout ratio (DPR) is 372.22%.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.