Stifel Financial Corp Buys 10,843 Shares of Polaris Inc. (NYSE:PII)

Stifel Financial Corp increased its position in Polaris Inc. (NYSE:PII - Free Report) by 11.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 103,061 shares of the company's stock after purchasing an additional 10,843 shares during the quarter. Stifel Financial Corp owned approximately 0.18% of Polaris worth $8,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after acquiring an additional 294 shares in the last quarter. Quarry LP raised its holdings in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after buying an additional 253 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after buying an additional 389 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company's stock valued at $51,000 after buying an additional 618 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Polaris during the second quarter valued at approximately $57,000. 88.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PII has been the topic of several recent analyst reports. DA Davidson cut their target price on Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price objective on Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a report on Wednesday, October 23rd. Robert W. Baird decreased their target price on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. KeyCorp dropped their price target on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Polaris has a consensus rating of "Hold" and an average target price of $87.09.

Polaris Stock Performance

PII traded down $1.58 during midday trading on Friday, reaching $63.07. The company had a trading volume of 960,826 shares, compared to its average volume of 737,767. The business has a 50-day moving average of $71.08 and a two-hundred day moving average of $77.36. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris Inc. has a 1 year low of $62.18 and a 1 year high of $100.91. The company has a market cap of $3.52 billion, a P/E ratio of 17.62, a P/E/G ratio of 6.81 and a beta of 1.51.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company's revenue was down 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.71 earnings per share. As a group, equities research analysts predict that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.19%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio is currently 73.74%.

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.