Polaris Inc. (NYSE:PII) Short Interest Update

Polaris Inc. (NYSE:PII) was the target of a large decrease in short interest during the month of 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 trading volume of 694,200 shares, the days-to-cover ratio is presently 4.5 days. Approximately 5.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in Polaris during the 4th quarter valued at approximately $27,000. BKM Wealth Management LLC bought a new position in Polaris during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC increased its position in Polaris by 536.5% during the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after buying an additional 338 shares in the last quarter. First United Bank & Trust bought a new position in Polaris during the 4th quarter valued at approximately $40,000. Finally, Orion Capital Management LLC bought a new stake in shares of Polaris in the 3rd quarter worth $46,000. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird decreased their target price on Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Monday, April 8th. StockNews.com upgraded Polaris from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada cut their price objective on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, DA Davidson reiterated a “neutral” rating and issued a $80.00 price objective on shares of Polaris in a report on Tuesday, March 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Polaris presently has a consensus rating of “Hold” and an average price target of $100.27.

Polaris Trading Up 0.6 %

PII stock traded up $0.53 during trading on Friday, hitting $83.81. 646,804 shares of the company traded hands, compared to its average volume of 743,728. The firm has a market capitalization of $4.74 billion, a PE ratio of 12.29, a P/E/G ratio of 2.45 and a beta of 1.60. Polaris has a 1 year low of $82.00 and a 1 year high of $138.49. The company has a 50-day moving average of $92.40 and a 200-day moving average of $91.41. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.46 and a current ratio of 1.47.

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

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is currently 38.71%.

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.