Caption Management LLC Makes New Investment in Polaris Inc. (NYSE:PII)

Caption Management LLC bought a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,769 shares of the company's stock, valued at approximately $563,000.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on PII shares. Truist Financial dropped their target price on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a report on Monday, April 14th. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research report on Thursday. Royal Bank of Canada cut their price target on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. Finally, Roth Capital reiterated a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Polaris has an average rating of "Hold" and an average price target of $45.36.

Polaris Stock Performance

NYSE:PII traded up $2.69 on Monday, reaching $39.06. 1,580,732 shares of the company's stock were exchanged, compared to its average volume of 1,800,019. The stock has a fifty day simple moving average of $37.95 and a 200-day simple moving average of $50.99. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $90.62. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The company's quarterly 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 EPS. As a group, sell-side analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.86%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio is 372.22%.

Polaris Profile

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.