Polaris Inc. (NYSE:PII) Receives Average Recommendation of “Hold” from Analysts

Shares of Polaris Inc. (NYSE:PII) have earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $59.83.

A number of analysts have recently weighed in on PII shares. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $54.00 price target on shares of Polaris in a report on Monday. DA Davidson decreased their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Truist Financial dropped their target price on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, Citigroup cut Polaris from a “neutral” rating to a “sell” rating and decreased their price target for the company from $49.00 to $33.00 in a research note on Thursday.

Polaris Stock Performance

Shares of PII stock opened at $42.17 on Friday. The company’s 50 day moving average is $47.51 and its 200 day moving average is $63.07. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 13.95 and a beta of 1.54. Polaris has a 52-week low of $39.29 and a 52-week high of $100.91.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, sell-side analysts anticipate that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.36%. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s payout ratio is presently 136.73%.

Institutional Trading of Polaris

A number of hedge funds and other institutional investors have recently made changes to their positions in PII. Venturi Wealth Management LLC lifted its position in 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 purchasing an additional 294 shares during the period. Larson Financial Group LLC raised its stake in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Polaris in the 4th quarter valued at about $29,000. Lindbrook Capital LLC boosted its stake in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after buying an additional 387 shares during the last quarter. Finally, Quarry LP grew its holdings in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.