Divisar Capital Management LLC Invests $6.91 Million in Polaris Inc. (NYSE:PII)

Divisar Capital Management LLC bought a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 120,000 shares of the company's stock, valued at approximately $6,914,000. Polaris accounts for approximately 1.5% of Divisar Capital Management LLC's holdings, making the stock its 20th largest holding. Divisar Capital Management LLC owned about 0.22% of Polaris at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Polaris in the fourth quarter worth approximately $1,627,000. Northern Trust Corp increased its position in shares of Polaris by 20.9% during the fourth quarter. Northern Trust Corp now owns 444,962 shares of the company's stock worth $25,639,000 after buying an additional 77,039 shares during the period. The Manufacturers Life Insurance Company raised its stake in Polaris by 0.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company's stock worth $131,609,000 after buying an additional 21,087 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in Polaris by 146.2% in the fourth quarter. Aquatic Capital Management LLC now owns 96,495 shares of the company's stock valued at $5,560,000 after buying an additional 57,295 shares during the period. Finally, Oxford Asset Management LLP bought a new stake in Polaris during the fourth quarter valued at $258,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Down 2.5 %

Polaris stock traded down $0.89 during midday trading on Monday, hitting $33.95. 1,237,011 shares of the stock were exchanged, compared to its average volume of 1,120,630. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $90.62. 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 business's 50-day moving average price is $38.88 and its 200-day moving average price is $52.40. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last released 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. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $0.23 earnings per share. Polaris's quarterly revenue was down 11.6% on a year-over-year basis. On average, research analysts expect that Polaris Inc. will post 1.11 EPS 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.90%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is 372.22%.

Analyst Ratings Changes

Several brokerages recently commented on PII. Truist Financial cut their target price on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. KeyCorp lowered shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price target on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. DA Davidson dropped their price objective on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Polaris currently has a consensus rating of "Hold" and an average target price of $45.36.

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.