Polaris Inc. (NYSE:PII) Short Interest Update

Polaris Inc. (NYSE:PII) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 3,090,000 shares, a decrease of 18.5% from the March 31st total of 3,790,000 shares. Based on an average daily volume of 694,200 shares, the short-interest ratio is presently 4.5 days. Approximately 5.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new position in Polaris during the 4th quarter worth $27,000. BKM Wealth Management LLC acquired a new position in Polaris during the 4th quarter worth $31,000. Larson Financial Group LLC grew its holdings in Polaris by 536.5% during the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock worth $42,000 after acquiring an additional 338 shares in the last quarter. First United Bank & Trust acquired a new position in Polaris during the 4th quarter worth $40,000. Finally, Orion Capital Management LLC acquired a new position in Polaris during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Up 0.6 %

NYSE:PII traded up $0.53 during trading hours on Friday, reaching $83.81. 646,804 shares of the company were exchanged, compared to its average volume of 743,728. The stock has a 50 day simple moving average of $92.40 and a 200 day simple moving average of $91.41. Polaris has a 52-week low of $82.00 and a 52-week high of $138.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.46. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 2.45 and a beta of 1.60.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the firm posted $2.05 EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, analysts predict that Polaris will post 8 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, June 3rd. Polaris’s dividend payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a report on Wednesday. Truist Financial reduced their price objective on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research note on Wednesday. Longbow Research upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Monday, April 8th. Morgan Stanley upgraded shares of Polaris from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $103.00 to $113.00 in a research report on Wednesday, January 17th. Finally, Citigroup decreased their target price on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Polaris has a consensus rating of “Hold” and a consensus price target of $100.27.

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.