Polaris’ (PII) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Polaris (NYSE:PII) in a research note published on Monday morning,Benzinga reports. The brokerage currently has a $54.00 price target on the stock.

A number of other brokerages have also recently issued reports on PII. Roth Mkm reduced their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Citigroup decreased their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. DA Davidson lowered their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Bank of America cut their price target on Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday. Finally, StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.50.

Polaris Stock Down 0.1 %

Polaris stock opened at $42.56 on Monday. The company’s 50-day moving average price is $47.77 and its two-hundred day moving average price is $63.22. 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 stock has a market cap of $2.39 billion, a P/E ratio of 21.71, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris has a twelve month low of $39.79 and a twelve month high of $100.91.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating 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%. As a group, analysts expect that Polaris will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.30%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is 136.73%.

Institutional Trading of Polaris

Several large investors have recently bought and sold shares of PII. Quarry LP raised 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 in the last quarter. Twin Tree Management LP acquired a new position in Polaris during the 4th quarter worth approximately $29,000. Larson Financial Group LLC increased its position in Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares in the last quarter. 88.06% of the stock is 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.