Polaris (NYSE:PII) PT Lowered to $86.00 at Citigroup

Polaris (NYSE:PII) had its target price trimmed by Citigroup from $96.00 to $86.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

PII has been the subject of several other research reports. Royal Bank of Canada decreased their price target on Polaris from $103.00 to $97.00 and set a sector perform rating for the company in a research note on Wednesday, April 24th. Robert W. Baird lowered their target price on shares of Polaris from $100.00 to $95.00 and set an outperform rating on the stock in a research note on Wednesday, July 3rd. Longbow Research upgraded shares of Polaris from a neutral rating to a buy rating and set a $120.00 price target on the stock in a research report on Monday, April 8th. StockNews.com cut shares of Polaris from a buy rating to a hold rating in a report on Thursday, May 2nd. Finally, Truist Financial dropped their target price on Polaris from $92.00 to $82.00 and set a hold rating on the stock in a report on Monday, July 8th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $97.55.

Polaris Stock Performance

PII stock opened at $81.49 on Tuesday. The stock’s fifty day moving average is $80.03 and its two-hundred day moving average is $87.21. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 3.83 and a beta of 1.53. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47. Polaris has a 1 year low of $73.26 and a 1 year high of $138.49.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. Polaris’s revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. On average, research analysts predict that Polaris will post 7.51 EPS for the current year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

Hedge Funds Weigh In On Polaris

Institutional investors have recently bought and sold shares of the stock. New England Capital Financial Advisors LLC acquired a new position in shares of Polaris in the first quarter worth about $25,000. Creekmur Asset Management LLC acquired a new position in Polaris in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC purchased a new position in Polaris during the 4th quarter worth approximately $31,000. Verity & Verity LLC acquired a new stake in Polaris during the 1st quarter valued at $37,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.