Polaris Inc. (NYSE:PII) Short Interest Update

Polaris Inc. (NYSE:PII) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 8,060,000 shares, a growth of 17.7% from the February 13th total of 6,850,000 shares. Currently, 15.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Trading of Polaris

Several large investors have recently added to or reduced their stakes in PII. Quarry LP grew its holdings in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the last quarter. Twin Tree Management LP bought a new position in Polaris during the fourth quarter worth about $29,000. Larson Financial Group LLC grew its position in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares during the period. Lindbrook Capital LLC increased its stake in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after acquiring an additional 387 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after acquiring an additional 677 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

Polaris stock traded down $0.38 during trading hours on Thursday, hitting $42.18. The stock had a trading volume of 782,403 shares, compared to its average volume of 1,735,277. The company has a 50-day moving average of $47.77 and a two-hundred day moving average of $63.22. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The company has a market cap of $2.37 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris has a fifty-two week low of $39.29 and a fifty-two week high of $100.91.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, equities research analysts anticipate that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.35%. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PII shares. BMO Capital Markets decreased their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Roth Mkm lowered their price target on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. DA Davidson reduced their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $59.83.

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.