Hidden Cove Wealth Management LLC Acquires New Position in Polaris Inc. (NYSE:PII)

Hidden Cove Wealth Management LLC purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,506 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PII. CWM LLC grew its stake in Polaris by 67.7% in the 3rd quarter. CWM LLC now owns 3,397 shares of the company's stock valued at $283,000 after buying an additional 1,371 shares during the last quarter. Creative Planning grew its stake in Polaris by 11.7% in the 3rd quarter. Creative Planning now owns 68,811 shares of the company's stock valued at $5,728,000 after buying an additional 7,198 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in Polaris by 3.9% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 9,370 shares of the company's stock valued at $780,000 after buying an additional 354 shares during the last quarter. Blue Trust Inc. grew its stake in Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after buying an additional 389 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in Polaris in the 3rd quarter valued at $366,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Price Performance

NYSE PII traded up $0.68 on Friday, reaching $45.08. The company's stock had a trading volume of 869,982 shares, compared to its average volume of 2,099,572. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.51 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 13.80 and a beta of 1.50. Polaris Inc. has a 52 week low of $42.85 and a 52 week high of $100.91. The business has a 50-day moving average price of $54.52 and a 200 day moving average price of $69.25.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 5.94%. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. Polaris's dividend payout ratio is currently 134.69%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets reduced their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Citigroup reduced their price target on shares of Polaris from $57.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. KeyCorp downgraded shares of Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Robert W. Baird reduced their price target on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a report on Monday, December 30th. Finally, Royal Bank of Canada reduced their price target on shares of Polaris from $65.00 to $54.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $66.17.

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.