Calton & Associates Inc. Buys New Shares in Polaris Inc. (NYSE:PII)

Calton & Associates Inc. acquired a new stake in Polaris Inc. (NYSE:PII - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,643 shares of the company's stock, valued at approximately $272,000.

Other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in Polaris by 20.4% in the 4th quarter. HighTower Advisors LLC now owns 5,238 shares of the company's stock valued at $302,000 after buying an additional 888 shares during the period. Commonwealth Equity Services LLC boosted its position in Polaris by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after buying an additional 341 shares during the period. Signaturefd LLC lifted 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 worth $59,000 after purchasing an additional 460 shares during the last quarter. Xponance Inc. lifted its position in shares of Polaris by 5.1% during the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after purchasing an additional 288 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of Polaris by 1.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 223,847 shares of the company's stock worth $12,898,000 after purchasing an additional 2,366 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Down 5.4%

Polaris stock traded down $2.88 during midday trading on Thursday, hitting $50.60. 463,102 shares of the stock were exchanged, compared to its average volume of 1,707,727. The firm has a market cap of $2.84 billion, a P/E ratio of 70.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.12 and a quick ratio of 0.37. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $87.83. The company has a 50 day moving average price of $42.75 and a two-hundred day moving average price of $42.95.

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 analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted $0.23 EPS. Polaris's revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts predict 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 was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.67 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 5.30%. Polaris's dividend payout ratio is presently 372.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PII. Morgan Stanley decreased their price objective on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. 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 research report on Wednesday, April 30th. Citigroup reissued a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a research report on Monday, June 16th. Baird R W cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Wall Street Zen cut shares of Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Polaris currently has a consensus rating of "Hold" and a consensus price target of $45.58.

Polaris Company 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.