Bard Financial Services Inc. Makes New Investment in Polaris Inc. (NYSE:PII)

Bard Financial Services Inc. purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,520 shares of the company's stock, valued at approximately $1,577,000. Bard Financial Services Inc. owned 0.07% of Polaris at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after buying an additional 263 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Polaris by 371.7% in the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock valued at $1,669,000 after acquiring an additional 22,835 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Polaris during the fourth quarter worth $220,000. Empowered Funds LLC lifted its holdings in shares of Polaris by 38.2% during the fourth quarter. Empowered Funds LLC now owns 21,413 shares of the company's stock worth $1,234,000 after purchasing an additional 5,918 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Polaris by 130.4% during the fourth quarter. Van ECK Associates Corp now owns 94,404 shares of the company's stock worth $5,440,000 after purchasing an additional 53,438 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Performance

Shares of NYSE PII traded down $1.07 during trading on Friday, reaching $40.61. The stock had a trading volume of 1,075,930 shares, compared to its average volume of 1,213,366. Polaris Inc. has a one year low of $30.92 and a one year high of $88.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The stock has a market cap of $2.28 billion, a PE ratio of 20.72, a P/E/G ratio of 13.95 and a beta of 1.04. The firm's 50 day moving average price is $36.99 and its two-hundred day moving average price is $46.03.

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

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 6.60%. Polaris's payout ratio is currently 372.22%.

Wall Street Analyst Weigh In

A number of research firms have commented on PII. Wall Street Zen downgraded Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Citigroup lowered Polaris from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. Roth Capital reissued a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Truist Financial reduced their price objective on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird boosted their price target on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Polaris presently has a consensus rating of "Hold" and a consensus price target of $45.82.

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.