Polaris Inc. (NYSE:PII) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 25,682.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,570 shares of the company's stock after purchasing an additional 248,602 shares during the quarter. GAMMA Investing LLC owned 0.44% of Polaris worth $10,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PII. TD Waterhouse Canada Inc. grew its stake in Polaris by 1.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after acquiring an additional 241 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after acquiring an additional 263 shares during the period. Xponance Inc. raised its holdings in Polaris by 5.1% in the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after buying an additional 288 shares during the period. Commonwealth Equity Services LLC raised its holdings in Polaris by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after buying an additional 341 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird lifted their target price on Polaris from $33.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Royal Bank of Canada decreased their target price 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. Morgan Stanley cut their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Truist Financial dropped their price objective on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Polaris has a consensus rating of "Hold" and a consensus price target of $45.82.

Polaris Stock Up 0.6%

PII opened at $41.08 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.31 billion, a P/E ratio of 20.96, a PEG ratio of 13.95 and a beta of 1.04. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $88.00. The business's fifty day simple moving average is $36.46 and its 200 day simple moving average is $46.96.

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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. As a group, equities research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 6.52%. Polaris's dividend payout ratio (DPR) is presently 372.22%.

About Polaris

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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