Polaris (NYSE:PII) Upgraded at StockNews.com

StockNews.com upgraded shares of Polaris (NYSE:PII) from a sell rating to a hold rating in a research note published on Tuesday.

Several other analysts also recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada decreased their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. KeyCorp decreased their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Bank of America reduced their target price on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Trading Down 0.5 %

Polaris stock opened at $67.18 on Tuesday. The business’s fifty day moving average is $77.70 and its 200 day moving average is $79.99. Polaris has a one year low of $66.06 and a one year high of $100.91. The stock has a market capitalization of $3.75 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 7.05 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm’s quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 earnings per share. On average, sell-side analysts predict that Polaris will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.93%. Polaris’s payout ratio is 73.74%.

Institutional Trading of Polaris

Institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co purchased a new position in shares of Polaris in the third quarter worth $217,000. ARGA Investment Management LP grew its position in shares of Polaris by 42.8% during the 3rd quarter. ARGA Investment Management LP now owns 35,162 shares of the company’s stock valued at $2,927,000 after acquiring an additional 10,539 shares during the period. Verition Fund Management LLC grew its holdings in Polaris by 821.3% in the third quarter. Verition Fund Management LLC now owns 61,562 shares of the company’s stock valued at $5,124,000 after purchasing an additional 54,880 shares during the period. Isthmus Partners LLC increased its position in shares of Polaris by 15.1% in the third quarter. Isthmus Partners LLC now owns 4,616 shares of the company’s stock valued at $384,000 after buying an additional 605 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Polaris during the 3rd quarter worth approximately $231,000. 88.06% of the stock is currently 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.