Polaris Inc. (NYSE:PII) Short Interest Down 18.5% in April

Polaris Inc. (NYSE:PII) was the target of a large decrease in short interest in 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. Currently, 5.8% of the shares of the stock are sold short. Based on an average trading volume of 694,200 shares, the short-interest ratio is currently 4.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Semanteon Capital Management LP bought a new position in shares of Polaris in the 4th quarter worth about $1,270,000. International Assets Investment Management LLC increased its stake in Polaris by 10,524.7% during the 4th quarter. International Assets Investment Management LLC now owns 61,411 shares of the company’s stock valued at $5,820,000 after purchasing an additional 60,833 shares in the last quarter. Camarda Financial Advisors LLC bought a new stake in Polaris during the 3rd quarter valued at about $1,354,000. Quantbot Technologies LP bought a new stake in Polaris during the 3rd quarter valued at about $1,227,000. Finally, Envestnet Asset Management Inc. increased its stake in Polaris by 35.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 114,630 shares of the company’s stock valued at $11,938,000 after purchasing an additional 30,114 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Up 3.6 %

PII traded up $3.04 during trading on Monday, hitting $86.85. 1,002,015 shares of the stock traded hands, compared to its average volume of 719,229. The firm has a market capitalization of $4.91 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The firm has a 50-day moving average of $92.40 and a 200 day moving average of $91.30. Polaris has a 12-month low of $82.00 and a 12-month high of $138.49.

Polaris (NYSE:PII) last announced its quarterly 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. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. Equities research analysts anticipate that Polaris will post 8 EPS for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.66 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.04%. Polaris’s dividend payout ratio is 38.71%.

Analyst Ratings Changes

PII has been the topic of a number of analyst reports. BMO Capital Markets decreased their target price on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada decreased 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, April 24th. Robert W. Baird decreased their price target on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Citigroup decreased their price target on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, DA Davidson reissued a “neutral” rating and issued a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Polaris has a consensus rating of “Hold” and a consensus target price of $100.27.

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.