nVerses Capital LLC Purchases New Position in Polaris Inc. (NYSE:PII)

nVerses Capital LLC acquired a new position in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,800 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds also recently modified their holdings of the company. New England Capital Financial Advisors LLC acquired a new stake in Polaris during the 1st quarter valued at $25,000. Creekmur Asset Management LLC acquired a new stake in shares of Polaris in the fourth quarter valued at $27,000. Bessemer Group Inc. raised its holdings in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after buying an additional 235 shares during the last quarter. First United Bank & Trust acquired a new position in Polaris during the 4th quarter worth about $40,000. Finally, Security National Bank bought a new stake in Polaris during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PII. Bank of America lowered their price target 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. BMO Capital Markets lowered their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Roth Mkm cut their price target on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Finally, DA Davidson raised Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $89.18.

Polaris Stock Performance

Shares of Polaris stock opened at $84.65 on Monday. The stock’s fifty day simple moving average is $80.43 and its 200 day simple moving average is $85.27. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $4.78 billion, a PE ratio of 12.41, a PEG ratio of 7.52 and a beta of 1.53. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $114.24.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.42 EPS. On average, research analysts predict that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Dividend Announcement

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

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.