IFG Advisory LLC Has $1.43 Million Stock Holdings in Polaris Inc. (NYSE:PII)

IFG Advisory LLC grew its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 18.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,990 shares of the company's stock after purchasing an additional 5,570 shares during the quarter. IFG Advisory LLC owned approximately 0.06% of Polaris worth $1,432,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. RWWM Inc. lifted its stake in shares of Polaris by 169.2% in the first quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock worth $98,053,000 after acquiring an additional 1,505,351 shares during the period. Norges Bank acquired a new position in shares of Polaris in the fourth quarter worth approximately $24,659,000. Capital World Investors lifted its stake in shares of Polaris by 6.7% in the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after acquiring an additional 388,050 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Polaris in the fourth quarter worth approximately $21,776,000. Finally, GAMMA Investing LLC lifted its stake in shares of Polaris by 25,682.0% in the first quarter. GAMMA Investing LLC now owns 249,570 shares of the company's stock worth $10,217,000 after acquiring an additional 248,602 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PII shares. Royal Bank Of Canada boosted their price target on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Roth Capital boosted their price target on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Citigroup reissued a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a research note on Monday, June 16th. Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $48.33.

Polaris Trading Down 6.3%

NYSE PII opened at $49.57 on Monday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -26.37 and a beta of 1.04. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $87.83. The business has a 50 day moving average price of $44.54 and a 200-day moving average price of $42.55. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.05 by $0.35. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The company's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. As a group, equities analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 5.4%. Polaris's dividend payout ratio is -142.55%.

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.

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