Polaris Inc. (NYSE:PII) Receives $66.17 Average PT from Analysts

Shares of Polaris Inc. (NYSE:PII) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $59.83.

Several equities analysts have commented on PII shares. UBS Group lowered their price objective on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Citigroup downgraded shares of Polaris from a “neutral” rating to a “sell” rating and lowered their price target for the company from $49.00 to $33.00 in a report on Thursday. Robert W. Baird reduced their price objective on Polaris from $64.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday. Roth Mkm lowered their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Bank of America cut their target price on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday.

Polaris Trading Down 0.9 %

Shares of Polaris stock opened at $42.17 on Friday. Polaris has a twelve month low of $39.29 and a twelve month high of $100.91. 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 business has a 50-day moving average price of $47.51 and a 200-day moving average price of $63.07. 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 (NYSE:PII) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (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 research analysts anticipate that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

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

Institutional Investors Weigh In On Polaris

Several large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its stake in shares of Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after acquiring an additional 183 shares in the last quarter. Nordea Investment Management AB raised its position in Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after purchasing an additional 183 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock valued at $1,295,000 after purchasing an additional 241 shares in the last quarter. Quarry LP lifted its holdings in shares of Polaris by 187.4% in 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 period. Finally, Claro Advisors LLC grew its position in shares of Polaris by 3.3% during the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock worth $656,000 after buying an additional 254 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.