Savoir Faire Capital Management L.P. Acquires New Shares in Polaris Inc. (NYSE:PII)

Savoir Faire Capital Management L.P. acquired a new stake in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,667 shares of the company’s stock, valued at approximately $757,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after buying an additional 94,680 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Polaris by 8.3% during the fourth quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock valued at $13,342,000 after buying an additional 10,770 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Polaris by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock valued at $33,957,000 after buying an additional 10,745 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Polaris by 22.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company’s stock valued at $6,616,000 after buying an additional 11,009 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Polaris during the first quarter valued at $1,065,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PII has been the topic of several research reports. BMO Capital Markets dropped their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Truist Financial dropped their target price on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Citigroup dropped their target price on Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Longbow Research reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada dropped their target price on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Polaris has an average rating of “Hold” and a consensus price target of $89.18.

Polaris Stock Up 2.3 %

PII stock opened at $83.45 on Tuesday. Polaris Inc. has a twelve month low of $71.90 and a twelve month high of $108.02. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The stock has a market cap of $4.72 billion, a P/E ratio of 12.24, a PEG ratio of 6.92 and a beta of 1.51. The business’s 50-day moving average price is $81.15 and its 200-day moving average price is $84.43.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.89). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period last year, the business posted $2.42 EPS. On average, equities research analysts forecast that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.16%. The ex-dividend date was Tuesday, September 3rd. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

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.