Bard Financial Services Inc. Purchases Shares of 38,520 Polaris Inc. (NYSE:PII)

Bard Financial Services Inc. purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 38,520 shares of the company's stock, valued at approximately $1,577,000. Bard Financial Services Inc. owned about 0.07% of Polaris as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Twin Tree Management LP bought a new stake in shares of Polaris during the fourth quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after buying an additional 402 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares during the period. UMB Bank n.a. raised its stake in Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after buying an additional 429 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Polaris by 82.6% during the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock valued at $59,000 after purchasing an additional 460 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Down 0.3%

PII stock traded down $0.11 during mid-day trading on Thursday, reaching $41.89. The company had a trading volume of 296,088 shares, compared to its average volume of 1,208,686. The firm has a fifty day simple moving average of $36.68 and a 200 day simple moving average of $46.57. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 13.95 and a beta of 1.04. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week 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.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.01. The business had revenue of $1.54 billion during 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 quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. Analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 6.40%. Polaris's payout ratio is 372.22%.

Analyst Ratings Changes

PII has been the subject of a number of research analyst reports. Citigroup lowered Polaris from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Wall Street Zen downgraded Polaris from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Bank of America decreased their price objective on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Robert W. Baird raised their target price on shares of Polaris from $33.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.82.

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.