Analysts Set Polaris Inc. (NYSE:PII) Target Price at $45.82

Shares of Polaris Inc. (NYSE:PII) have earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.82.

Several equities analysts have recently commented on PII shares. Wall Street Zen downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Robert W. Baird boosted their target price on shares of Polaris from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd. Citigroup downgraded shares of Polaris from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Baird R W downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada lowered their target price on shares of Polaris from $54.00 to $34.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 30th.

Institutional Investors Weigh In On Polaris

A number of hedge funds have recently bought and sold shares of the business. RWWM Inc. increased its position in Polaris by 169.2% during the first quarter. RWWM Inc. now owns 2,395,049 shares of the company’s stock valued at $98,053,000 after acquiring an additional 1,505,351 shares during the last quarter. Select Equity Group L.P. increased its position in Polaris by 142.1% during the first quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock valued at $66,346,000 after acquiring an additional 951,195 shares during the last quarter. Invesco Ltd. increased its position in Polaris by 352.5% during the first quarter. Invesco Ltd. now owns 902,751 shares of the company’s stock valued at $36,959,000 after acquiring an additional 703,240 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Polaris by 132.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock valued at $51,909,000 after acquiring an additional 513,542 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Polaris by 12,099.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 513,343 shares of the company’s stock valued at $21,016,000 after acquiring an additional 509,135 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE:PII opened at $39.19 on Wednesday. Polaris has a 1-year low of $30.92 and a 1-year high of $88.00. The firm’s 50 day simple moving average is $36.62 and its two-hundred day simple moving average is $47.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The company has a market capitalization of $2.20 billion, a P/E ratio of 19.99, a P/E/G ratio of 13.95 and a beta of 1.05.

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

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris’s payout ratio is 372.22%.

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.