IFG Advisory LLC Invests $1.74 Million in Polaris Inc. (NYSE:PII)

IFG Advisory LLC has invested $742,000 in Polaris Inc. (NYSE: PII), acquiring 22,250 shares, as revealed in their recent SEC disclosure. This marks a significant move alongside other institutional investments, with 88% of Polaris shares now held by such entities. Analyst ratings for Polaris range from 'sell' to 'buy', with an average rating of 'Hold' and a price target of $19.18. Recently, Polaris reported an earnings miss and announced a quarterly dividend of $0.66 per share, representing a 3.12% yield.

IFG Advisory LLC bought a new position in Polaris Inc. (NYSE:PII - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 22,250 shares of the company's stock, valued at approximately $1,742,000.

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Several other institutional investors and hedge funds also recently bought and sold shares of PII. International Assets Investment Management LLC purchased a new position in shares of Polaris during the 2nd quarter valued at about $79,000. Signaturefd LLC lifted its holdings in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company's stock valued at $51,000 after purchasing an additional 618 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Polaris in the second quarter worth approximately $587,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $955,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Polaris during the 2nd quarter valued at $143,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on PII. Bank of America dropped their target price on shares of Polaris from $86.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Robert W. Baird cut their target price on Polaris from $95.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Longbow Research reissued a "neutral" rating on shares of Polaris in a report on Wednesday, July 24th. Truist Financial dropped their price target on Polaris from $92.00 to $82.00 and set a "hold" rating for the company in a research note on Monday, July 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Polaris from $97.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $89.18.

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View Our Latest Analysis on Polaris

Polaris Price Performance

PII traded up $0.85 during trading hours on Friday, hitting $84.65. The company's stock had a trading volume of 306,308 shares, compared to its average volume of 757,669. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 7.71 and a beta of 1.53. The business's 50-day moving average price is $80.43 and its 200-day moving average price is $85.34. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $114.24.

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Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing analysts' consensus estimates of $2.27 by ($0.89). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $2.42 earnings per share. The business's quarterly revenue was down 11.5% on a year-over-year basis. Sell-side analysts expect that Polaris Inc. will post 3.79 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Tuesday, September 3rd. Polaris's dividend payout ratio (DPR) is 38.71%.

About Polaris

(Free Report)

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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IFG Advisory LLC Invests $1.74 Million in Polaris Inc. (NYSE:PII)

Analysts Set New Price Targets

Polaris Price Performance

Polaris Announces Dividend

About Polaris

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