Polaris Inc. (NYSE:PII) Receives Consensus Rating of “Hold” from Analysts

Polaris Inc. (NYSE:PII) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $89.18.

Several equities research analysts have commented on the company. KeyCorp cut their price objective on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price target on Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 24th. Roth Mkm reduced their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. DA Davidson raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Thursday, July 25th. Finally, BMO Capital Markets dropped their target price 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.

Institutional Investors Weigh In On Polaris

Hedge funds have recently modified their holdings of the company. New England Capital Financial Advisors LLC acquired a new position in Polaris in the 1st quarter valued at about $25,000. Creekmur Asset Management LLC acquired a new position in Polaris in the fourth quarter valued at approximately $27,000. Bessemer Group Inc. grew its position in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after acquiring an additional 235 shares during the period. Security National Bank acquired a new stake in Polaris during the fourth quarter worth $47,000. Finally, Signaturefd LLC raised its position in Polaris by 1,931.3% in 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. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE PII opened at $85.86 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42. The firm has a fifty day moving average of $81.73 and a 200 day moving average of $84.30. The firm has a market cap of $4.79 billion, a PE ratio of 12.59, a PEG ratio of 7.42 and a beta of 1.51. Polaris has a one year low of $71.90 and a one year high of $107.96.

Polaris (NYSE:PII) last announced 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). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business earned $2.42 EPS. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, research analysts predict that Polaris will post 3.79 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.07%. Polaris’s payout ratio is 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.