Victory Capital Management Inc. Acquires 18,996 Shares of Polaris Inc. (NYSE:PII)

Victory Capital Management Inc. lifted its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 39.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,693 shares of the company's stock after buying an additional 18,996 shares during the period. Victory Capital Management Inc. owned about 0.12% of Polaris worth $2,730,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. TD Waterhouse Canada Inc. raised its stake in shares of Polaris by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock worth $1,295,000 after purchasing an additional 241 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Polaris by 46.9% in 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 period. Linden Thomas Advisory Services LLC boosted its holdings in shares of Polaris by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock worth $327,000 after acquiring an additional 379 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Polaris by 1.3% in the fourth quarter. Advisory Services Network LLC now owns 30,833 shares of the company's stock worth $1,777,000 after acquiring an additional 392 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Polaris by 2.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,234 shares of the company's stock worth $583,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PII. Royal Bank Of Canada raised their price target on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a report on Wednesday. BMO Capital Markets reissued a "market perform" rating and set a $52.00 price objective (up previously from $33.00) on shares of Polaris in a research note on Wednesday. Robert W. Baird lifted their price objective on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday. Truist Financial dropped their price objective on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $48.33.

Polaris Stock Down 6.2%

NYSE:PII traded down $3.30 during midday trading on Friday, hitting $49.61. 1,001,239 shares of the company were exchanged, compared to its average volume of 1,743,490. The company has a fifty day simple moving average of $44.31 and a 200 day simple moving average of $42.79. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $87.83. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $2.79 billion, a PE ratio of -26.45 and a beta of 1.05.

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

Polaris Announces Dividend

The business also recently disclosed 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. This represents a $2.68 dividend on an annualized basis and a yield of 5.4%. Polaris's dividend payout ratio is currently 372.22%.

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.