Key Points
- James Williams, Polaris SVP, sold 4,554 shares on Dec. 5 at an average price of $67.53 for $307,531.62, trimming his stake by 9.40% to 43,878 shares (≈$2.96M).
- The company declared a quarterly dividend of $0.67 (annualized $2.68) with an ex-dividend date of Dec. 1 and a yield of 4.0%, despite a negative dividend payout ratio of -101.13%.
- Polaris beat Q3 expectations with $0.41 EPS on $1.84B revenue, but still shows a negative net margin (-2.17%) and a negative PE (-25.17%), and analysts maintain an average "Hold" rating with a $55.25 consensus price target.
Polaris Inc. (NYSE:PII - Get Free Report) SVP James Williams sold 4,554 shares of the company's stock in a transaction on Friday, December 5th. The stock was sold at an average price of $67.53, for a total value of $307,531.62. Following the sale, the senior vice president owned 43,878 shares of the company's stock, valued at approximately $2,963,081.34. This represents a 9.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Polaris Trading Down 1.1%
Shares of NYSE:PII opened at $66.70 on Tuesday. The company has a market capitalization of $3.75 billion, a PE ratio of -25.17 and a beta of 1.12. The company has a current ratio of 1.02, a quick ratio of 0.36 and a debt-to-equity ratio of 1.13. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $75.25. The business's fifty day simple moving average is $65.15 and its 200-day simple moving average is $55.22.
Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. Polaris had a positive return on equity of 3.89% and a negative net margin of 2.17%.The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the business posted $0.73 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.
Polaris Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, December 1st. Polaris's dividend payout ratio (DPR) is currently -101.13%.
Institutional Investors Weigh In On Polaris
A number of large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in Polaris by 15.7% in the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company's stock worth $127,554,000 after acquiring an additional 426,482 shares during the last quarter. RWWM Inc. grew its stake in Polaris by 0.3% during the 2nd quarter. RWWM Inc. now owns 2,401,477 shares of the company's stock valued at $97,620,000 after purchasing an additional 6,428 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Polaris by 30.1% in the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company's stock valued at $132,600,000 after purchasing an additional 528,300 shares during the period. Select Equity Group L.P. raised its stake in shares of Polaris by 142.1% in the first quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company's stock worth $66,346,000 after purchasing an additional 951,195 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Polaris by 24.2% during the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company's stock worth $84,328,000 after purchasing an additional 282,570 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PII has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of Polaris from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. UBS Group lifted their price target on shares of Polaris from $45.00 to $58.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Roth Capital upped their price target on Polaris from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, November 3rd. Zacks Research raised Polaris from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 15th. Finally, Citigroup upped their target price on Polaris from $60.00 to $71.00 and gave the company a "neutral" rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Polaris currently has an average rating of "Hold" and a consensus price target of $55.25.
View Our Latest Report on PII
Polaris Company Profile
(
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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.
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