Polaris Inc. (NYSE:PII) Receives $87.09 Consensus Price Target from Analysts

Polaris Inc. (NYSE:PII) has received an average rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $86.00.

A number of research firms recently issued reports on PII. StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a report on Monday. KeyCorp lowered their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird decreased their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday. Finally, DA Davidson dropped their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th.

Polaris Price Performance

Shares of NYSE PII opened at $57.62 on Friday. The stock has a market cap of $3.21 billion, a P/E ratio of 16.10, a P/E/G ratio of 6.59 and a beta of 1.51. Polaris has a twelve month low of $55.55 and a twelve month high of $100.91. The stock has a 50 day moving average of $65.72 and a two-hundred day moving average of $75.50. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS 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 business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $2.71 EPS. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. On average, research analysts forecast that Polaris will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Kiltearn Partners LLP increased its position in shares of Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after buying an additional 92,300 shares in the last quarter. FMR LLC grew its stake in Polaris by 22.0% in the 3rd quarter. FMR LLC now owns 133,665 shares of the company’s stock valued at $11,126,000 after acquiring an additional 24,103 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Polaris by 545.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock valued at $2,231,000 after acquiring an additional 22,648 shares in the last quarter. Victory Capital Management Inc. raised its position in Polaris by 167.1% during the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after acquiring an additional 27,375 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Polaris by 8,867.5% in the third quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock valued at $5,322,000 after purchasing an additional 63,225 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.