Polaris Inc. (NYSE:PII) Short Interest Update

Polaris Inc. (NYSE:PII - Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 6,380,000 shares, an increase of 21.8% from the January 15th total of 5,240,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 4.9 days. Approximately 12.4% of the company's stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PII shares. UBS Group dropped their target price on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. BMO Capital Markets cut their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. DA Davidson cut their price target 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. Finally, Robert W. Baird cut their price objective on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a research note on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $66.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its holdings in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock worth $92,000 after purchasing an additional 183 shares in the last quarter. Nordea Investment Management AB raised its holdings in Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock worth $1,676,000 after purchasing an additional 183 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Polaris by 1.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock worth $1,295,000 after acquiring an additional 241 shares in the last quarter. Quarry LP lifted its position in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after acquiring an additional 253 shares during the period. Finally, Claro Advisors LLC lifted its position in Polaris by 3.3% during the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company's stock valued at $656,000 after acquiring an additional 254 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Up 0.4 %

PII traded up $0.19 during trading on Wednesday, hitting $46.44. 1,225,039 shares of the stock traded hands, compared to its average volume of 1,744,198. The firm has a market capitalization of $2.59 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 13.72 and a beta of 1.50. 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 firm has a 50-day moving average of $53.33 and a 200 day moving average of $68.53. Polaris has a 12-month low of $42.85 and a 12-month high of $100.91.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly 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%. Equities research analysts anticipate that Polaris will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 5.77%. Polaris's dividend payout ratio is 134.69%.

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.