Polaris Inc. (NYSE:PII) Receives Consensus Rating of “Hold” from Brokerages

Polaris Inc. (NYSE:PII) has earned an average recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $45.36.

PII has been the subject of several recent research reports. DA Davidson lowered their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. BMO Capital Markets cut their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a report on Thursday. Roth Capital restated a “neutral” rating on shares of Polaris in a research note on Tuesday, April 22nd. Finally, UBS Group dropped their target price on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently modified their holdings of PII. Larson Financial Group LLC lifted its position in Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Polaris during the 4th quarter valued at about $29,000. Lindbrook Capital LLC grew its stake in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after acquiring an additional 387 shares during the period. UMB Bank n.a. increased its holdings in Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company’s stock worth $33,000 after acquiring an additional 429 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Polaris during the 1st quarter worth approximately $35,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Performance

Polaris stock opened at $36.34 on Friday. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $90.62. The stock’s 50 day simple moving average is $37.95 and its two-hundred day simple moving average is $51.26. 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 stock has a market cap of $2.04 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.91) by $0.01. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. As a group, analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Monday, June 2nd. Polaris’s payout ratio is 372.22%.

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.