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

Shares of Polaris Inc. (NYSE:PII) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, 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 analysts that have updated their coverage on the stock in the last year is $86.00.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC increased its position in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares during the period. Quarry LP increased its holdings in shares of Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the last quarter. Signaturefd LLC raised its position in shares of Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after buying an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in Polaris in the second quarter valued at $57,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Trading Down 2.2 %

Shares of PII stock opened at $56.38 on Friday. Polaris has a 1-year low of $55.55 and a 1-year high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The business’s fifty day moving average price is $65.19 and its 200 day moving average price is $75.24. The firm has a market capitalization of $3.14 billion, a PE ratio of 15.75, a P/E/G ratio of 6.59 and a beta of 1.51.

Polaris (NYSE:PII) last released its quarterly earnings data 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 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 quarter in the prior year, the firm earned $2.71 earnings per share. Polaris’s quarterly revenue was down 23.4% on a year-over-year basis. As a group, sell-side analysts forecast that Polaris will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.68%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 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.