Polaris Inc. (NYSE:PII) Short Interest Update

Polaris Inc. (NYSE:PII) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 6,080,000 shares, a decrease of 24.6% from the February 28th total of 8,060,000 shares. Approximately 11.6% of the shares of the company are short sold. Based on an average trading volume of 1,650,000 shares, the short-interest ratio is presently 3.7 days.

Institutional Investors Weigh In On Polaris

Several large investors have recently modified their holdings of PII. Larson Financial Group LLC increased its position in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Polaris during the fourth quarter worth approximately $29,000. Lindbrook Capital LLC raised its stake in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after acquiring an additional 387 shares during the last quarter. Quarry LP boosted its holdings in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Polaris by 191.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock worth $50,000 after acquiring an additional 797 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PII. Robert W. Baird decreased their target price on Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. BMO Capital Markets lowered their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. DA Davidson cut their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Bank of America decreased their target price on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.83.

Polaris Stock Up 0.9 %

Shares of Polaris stock opened at $41.32 on Wednesday. Polaris has a 12-month low of $39.29 and a 12-month high of $100.00. The firm has a market capitalization of $2.32 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. 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 stock’s fifty day moving average is $45.34 and its 200-day moving average is $60.66.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Equities analysts anticipate that Polaris will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.49%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. Polaris’s payout ratio is presently 136.73%.

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.