D.A. Davidson & CO. Invests $485,000 in Polaris Inc. (NYSE:PII)

D.A. Davidson & CO. 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 Securities & Exchange Commission. The institutional investor purchased 11,841 shares of the company's stock, valued at approximately $485,000.

Several other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. grew its position in shares of Polaris by 1.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock worth $1,295,000 after acquiring an additional 241 shares during the last quarter. Xponance Inc. grew its position in shares of Polaris by 5.1% during the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after acquiring an additional 288 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Polaris by 46.9% during the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after acquiring an additional 318 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Polaris by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock worth $1,435,000 after acquiring an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Polaris by 1.3% in the 4th quarter. Advisory Services Network LLC now owns 30,833 shares of the company's stock valued at $1,777,000 after buying an additional 392 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of Polaris from $38.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Citigroup reissued a "sell" rating and set a $27.00 target price (up previously from $23.00) on shares of Polaris in a research note on Monday, June 16th. Morgan Stanley cut their target price on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Bank of America cut their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Roth Capital restated a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.00.

Polaris Stock Performance

NYSE:PII opened at $50.12 on Friday. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $88.00. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average of $40.45 and a 200-day moving average of $43.48. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 69.60 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating the consensus estimate of ($0.91) by $0.01. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $0.23 EPS. The business's revenue for the quarter was down 11.6% on a year-over-year basis. Analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's 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.

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