Intrepid Capital Management Inc. Makes New $1.35 Million Investment in Polaris Inc. (NYSE:PII)

Intrepid Capital Management Inc. bought a new position in Polaris Inc. (NYSE:PII) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,178 shares of the company’s stock, valued at approximately $1,347,000.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake 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 purchasing an additional 294 shares during the period. Blue Trust Inc. boosted its stake in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares during the period. Signaturefd LLC boosted its stake 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 purchasing an additional 618 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Polaris during the second quarter valued at approximately $57,000. Finally, National Bank of Canada FI boosted its stake in shares of Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock valued at $69,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Down 1.0 %

Shares of NYSE:PII traded down $0.71 on Tuesday, hitting $67.14. 17,329 shares of the company traded hands, compared to its average volume of 726,209. Polaris Inc. has a 52 week low of $64.56 and a 52 week 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 stock has a 50 day simple moving average of $74.37 and a 200-day simple moving average of $78.41. The company has a market cap of $3.74 billion, a PE ratio of 18.95, a PEG ratio of 7.21 and a beta of 1.51.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business earned $2.71 earnings per share. Polaris’s revenue was down 23.4% compared to the same quarter last year. As a group, research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 annualized dividend and a dividend yield of 3.93%. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. DA Davidson dropped their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, KeyCorp decreased their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris 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.