7,746 Shares in Polaris Inc. (NYSE:PII) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,746 shares of the company's stock, valued at approximately $317,000.

Several other hedge funds also recently bought and sold shares of PII. RWWM Inc. raised its holdings in Polaris by 169.2% in the first quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock valued at $98,053,000 after acquiring an additional 1,505,351 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Polaris by 132.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after acquiring an additional 513,542 shares in the last quarter. Norges Bank acquired a new stake in Polaris in the fourth quarter valued at approximately $24,659,000. Capital World Investors raised its holdings in Polaris by 6.7% in the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after acquiring an additional 388,050 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Polaris during the fourth quarter worth approximately $21,776,000. Hedge funds and other institutional investors own 88.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird lifted their price objective on shares of Polaris from $38.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Roth Capital reiterated a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Truist Financial lowered their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Baird R W lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Two 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, the company currently has a consensus rating of "Hold" and an average target price of $46.00.

Polaris Trading Down 0.4%

PII stock traded down $0.19 on Friday, hitting $46.80. 866,672 shares of the company were exchanged, compared to its average volume of 1,279,428. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.12 and a quick ratio of 0.37. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 65.00 and a beta of 1.05. The business's fifty day moving average is $42.01 and its two-hundred day moving average is $42.98. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $87.83.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The company's revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date was Monday, June 2nd. Polaris's dividend payout ratio is presently 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.