Polaris (NYSE:PII) Downgraded to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Polaris (NYSE:PII) from a hold rating to a sell rating in a report released on Wednesday.

PII has been the topic of a number of other reports. Royal Bank of Canada cut their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets decreased their price objective on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Robert W. Baird reduced their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Roth Mkm decreased their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Citigroup cut their target price on Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Polaris presently has an average rating of “Hold” and a consensus price target of $87.09.

Polaris Stock Performance

Shares of NYSE:PII opened at $67.95 on Wednesday. The firm’s 50 day simple moving average is $76.21 and its 200-day simple moving average is $79.20. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris has a one year low of $64.56 and a one year high of $100.91. The firm has a market cap of $3.79 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 6.99 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 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 business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the company earned $2.71 earnings per share. The firm’s revenue was down 23.4% compared to the same quarter last year. As a group, equities analysts predict that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. JLB & Associates Inc. raised its position in shares of Polaris by 0.5% during the 2nd quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock worth $1,917,000 after purchasing an additional 120 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of Polaris by 2.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock worth $586,000 after buying an additional 172 shares in the last quarter. National Bank of Canada FI boosted its position in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after acquiring an additional 183 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Polaris by 1.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after acquiring an additional 187 shares in the last quarter. Finally, Isthmus Partners LLC raised its holdings in Polaris by 5.0% in the 2nd quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock valued at $314,000 after acquiring an additional 190 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

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.