Thrivent Financial for Lutherans Trims Stake in Polaris Inc. (NYSE:PII)

Thrivent Financial for Lutherans lessened its holdings in shares of Polaris Inc. (NYSE:PII) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,311 shares of the company’s stock after selling 525 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Polaris were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of PII. American Century Companies Inc. raised its holdings in Polaris by 311.6% in 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 during the period. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in Polaris in the second quarter worth about $15,363,000. RWWM Inc. raised its stake in shares of Polaris by 192.3% in the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after buying an additional 179,244 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after buying an additional 96,194 shares in the last quarter. Finally, Kiltearn Partners LLP bought a new position in shares of Polaris during the 2nd quarter valued at approximately $4,887,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Down 0.7 %

Shares of PII opened at $67.84 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 7.21 and a beta of 1.52. Polaris Inc. has a 1 year low of $64.56 and a 1 year high of $100.91. The business’s 50 day simple moving average is $74.66 and its 200-day simple moving average is $78.52.

Polaris (NYSE:PII) last released its quarterly 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 net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company earned $2.71 EPS. Polaris’s revenue for the quarter was down 23.4% compared to the same quarter last year. As a group, equities analysts expect that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 3.89%. Polaris’s dividend payout ratio is currently 73.74%.

Analysts Set New Price Targets

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

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.