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

Polaris Inc. (NYSE:PII) has received a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $66.17.

PII has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. Citigroup lowered their target price on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. DA Davidson lowered their price target on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. BMO Capital Markets lowered their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th.

Polaris Stock Up 1.5 %

Polaris stock opened at $46.56 on Monday. Polaris has a fifty-two week low of $42.85 and a fifty-two week high of $100.91. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The company has a market cap of $2.61 billion, a PE ratio of 23.76, a PEG ratio of 13.95 and a beta of 1.50. The business’s 50-day simple moving average is $52.62 and its two-hundred day simple moving average is $67.99.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Equities analysts anticipate that Polaris will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.76%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is presently 136.73%.

Hedge Funds Weigh In On Polaris

A number of hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Polaris by 534.5% in 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 last quarter. Quarry LP increased its stake 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 last quarter. Blue Trust Inc. increased its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares during the last quarter. Twin Tree Management LP acquired a new stake in Polaris during the fourth quarter worth $29,000. Finally, Larson Financial Group LLC increased its stake in Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after acquiring an additional 402 shares during the last quarter. 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.