D.A. Davidson & CO. bought a new stake in shares of Polaris Inc. (NYSE:PII - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,841 shares of the company's stock, valued at approximately $485,000.
A number of other hedge funds have also recently modified their holdings of PII. Larson Financial Group LLC boosted its holdings in Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after acquiring an additional 402 shares in the last quarter. Twin Tree Management LP bought a new stake in Polaris in the fourth quarter worth $29,000. UMB Bank n.a. boosted its holdings 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 acquiring an additional 429 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Polaris in the first quarter worth $35,000. Finally, Fifth Third Bancorp boosted its holdings in Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after acquiring an additional 318 shares in the last quarter. Institutional investors own 88.06% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on PII. Robert W. Baird boosted their target price on Polaris from $38.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Wall Street Zen downgraded Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Morgan Stanley dropped their target price on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada lowered their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup reaffirmed a "sell" rating and set a $27.00 price target (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $46.00.
Read Our Latest Stock Analysis on Polaris
Polaris Stock Performance
Polaris stock traded down $0.04 during mid-day trading on Friday, reaching $50.03. 989,237 shares of the stock traded hands, compared to its average volume of 1,275,206. The stock has a market capitalization of $2.81 billion, a PE ratio of 69.48 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 12-month low of $30.92 and a 12-month high of $88.00. The business's 50-day moving average is $40.76 and its 200-day moving average is $43.34.
Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. Polaris's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, sell-side analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.
Polaris Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 372.22%.
Polaris Profile
(
Free Report)
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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