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

Polaris logo with Auto/Tires/Trucks background

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.

Check Out Our Latest Analysis on PII

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

(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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Institutional Ownership by Quarter for Polaris (NYSE:PII)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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