Bard Financial Services Inc. Purchases New Shares in Polaris Inc. (NYSE:PII)

Bard Financial Services Inc. bought a new stake in Polaris Inc. (NYSE:PII) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 38,520 shares of the company’s stock, valued at approximately $1,577,000.

Several other institutional investors have also modified their holdings of the stock. TD Waterhouse Canada Inc. grew its position in shares of Polaris by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock valued at $1,295,000 after purchasing an additional 241 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock valued at $208,000 after purchasing an additional 263 shares during the period. Xponance Inc. grew its position in shares of Polaris by 5.1% in the fourth quarter. Xponance Inc. now owns 5,956 shares of the company’s stock valued at $343,000 after purchasing an additional 288 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Polaris by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company’s stock valued at $1,435,000 after purchasing an additional 341 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

PII has been the topic of several research analyst reports. Royal Bank of Canada dropped their target price on shares of Polaris from $54.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 30th. Roth Capital reiterated a “neutral” rating on shares of Polaris in a research report on Tuesday, April 22nd. Bank of America dropped their target price on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Truist Financial lowered their price target on shares of Polaris from $55.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley lowered their price target on shares of Polaris from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $45.82.

Polaris Price Performance

Shares of PII stock opened at $42.55 on Wednesday. The firm’s 50-day moving average is $36.57 and its two-hundred day moving average is $46.60. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $88.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The company has a market capitalization of $2.39 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.04.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.01. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. Analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris’s dividend payout ratio is presently 372.22%.

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.