Neo Ivy Capital Management Boosts Stake in Polaris Inc. (NYSE:PII)

Neo Ivy Capital Management grew its stake in Polaris Inc. (NYSE:PII - Free Report) by 525.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,766 shares of the company's stock after buying an additional 32,568 shares during the quarter. Neo Ivy Capital Management owned 0.07% of Polaris worth $2,233,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC increased its position in Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after buying an additional 402 shares during the period. Twin Tree Management LP purchased a new stake in Polaris during the fourth quarter worth $29,000. Lindbrook Capital LLC boosted its position in Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares in the last quarter. Signaturefd LLC boosted its position in Polaris by 82.6% during the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after purchasing an additional 460 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Polaris during the fourth quarter valued at $95,000. Hedge funds and other institutional investors own 88.06% of the company's stock.

Wall Street Analyst Weigh In

PII has been the subject of several research analyst reports. Wall Street Zen lowered Polaris from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. DA Davidson lowered their target price on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. BMO Capital Markets lowered their price target on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Truist Financial decreased their target price on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada decreased their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.82.

Polaris Price Performance

Shares of PII traded up $1.73 during mid-day trading on Tuesday, reaching $39.76. 1,506,107 shares of the stock traded hands, compared to its average volume of 1,780,009. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $88.00. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. The firm has a fifty day moving average price of $36.82 and a 200 day moving average price of $48.50.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The business's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. As a group, equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.67 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a dividend yield of 6.74%. Polaris's dividend payout ratio (DPR) 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.