Polaris Inc. (NYSE:PII) Given Average Recommendation of “Hold” by Analysts

Polaris Inc. (NYSE:PII) has been given an average rating of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $87.09.

PII has been the subject of several research analyst reports. Citigroup dropped their price objective on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada cut their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. Longbow Research reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Robert W. Baird dropped their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets reduced their price target on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC increased its position 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 acquiring an additional 294 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after purchasing an additional 389 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares during the last quarter. Signaturefd LLC lifted its holdings 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 in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Polaris during the second quarter valued at $57,000. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Down 1.3 %

Shares of Polaris stock opened at $68.88 on Friday. The company’s 50 day moving average price is $78.92 and its 200-day moving average price is $80.47. Polaris has a 52-week low of $68.45 and a 52-week high of $100.91. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 7.47 and a beta of 1.52.

Polaris (NYSE:PII) last released its quarterly earnings data 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). The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris’s revenue was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 EPS. Equities research analysts forecast that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued 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 3.83%. Polaris’s payout ratio is presently 73.74%.

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.