Stifel Financial Corp Raises Stake in Polaris Inc. (NYSE:PII)

Stifel Financial Corp lifted its position in shares of Polaris Inc. (NYSE:PII) by 11.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,061 shares of the company’s stock after buying an additional 10,843 shares during the period. Stifel Financial Corp owned approximately 0.18% of Polaris worth $8,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PII. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Polaris during the second quarter worth $205,000. Cambridge Investment Research Advisors Inc. increased its stake in Polaris by 8.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,358 shares of the company’s stock worth $1,203,000 after purchasing an additional 1,186 shares during the period. Ridgewood Investments LLC purchased a new position in shares of Polaris in the second quarter valued at approximately $143,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Polaris by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,201 shares of the company’s stock valued at $955,000 after purchasing an additional 1,366 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Polaris in the second quarter valued at approximately $587,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PII. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a report on Tuesday. DA Davidson lowered their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. KeyCorp dropped their price objective on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird lowered their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada cut their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Polaris has a consensus rating of “Hold” and a consensus price target of $87.09.

Polaris Stock Performance

PII stock opened at $64.65 on Friday. Polaris Inc. has a 1 year low of $63.23 and a 1 year high of $100.91. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 6.65 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The stock’s fifty day moving average is $71.47 and its two-hundred day moving average is $77.50.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $2.71 earnings per share. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. On average, research analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

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.