Landscape Capital Management L.L.C. Takes $2.84 Million Position in Polaris Inc. (NYSE:PII)

Landscape Capital Management L.L.C. purchased a new position in shares of Polaris Inc. (NYSE:PII) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,085 shares of the company’s stock, valued at approximately $2,837,000. Landscape Capital Management L.L.C. owned 0.06% of Polaris as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PII. Vanguard Group Inc. boosted its stake in shares of Polaris by 1.6% during the 1st 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 period. Confluence Investment Management LLC boosted its position in Polaris by 0.7% during the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after purchasing an additional 6,724 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after purchasing an additional 292,992 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Polaris by 11.1% during the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock worth $28,116,000 after purchasing an additional 35,952 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Performance

Shares of NYSE PII opened at $65.20 on Thursday. Polaris Inc. has a 12 month low of $64.56 and a 12 month high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company has a market cap of $3.64 billion, a P/E ratio of 18.21, a P/E/G ratio of 6.88 and a beta of 1.52. The business’s 50 day moving average is $76.71 and its two-hundred day moving average is $79.44.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $2.71 EPS. The company’s revenue was down 23.4% compared to the same quarter last year. On average, equities analysts expect that Polaris Inc. will post 3.22 EPS for the current 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 given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

Analysts Set New Price Targets

A number of research firms recently commented on PII. KeyCorp dropped their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets decreased their price objective on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Citigroup decreased their price target on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $87.09.

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.