Polaris Inc. (NYSE:PII) Receives Average Recommendation of “Hold” from Analysts

Polaris Inc. (NYSE:PII) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $86.00.

Several equities analysts have commented on the stock. KeyCorp decreased their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. DA Davidson decreased their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird lowered their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday. StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Royal Bank of Canada lowered their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Kiltearn Partners LLP boosted its stake in Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after acquiring an additional 92,300 shares in the last quarter. FMR LLC lifted its holdings in shares of Polaris by 22.0% in the 3rd quarter. FMR LLC now owns 133,665 shares of the company’s stock valued at $11,126,000 after purchasing an additional 24,103 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Polaris by 545.1% in the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock valued at $2,231,000 after purchasing an additional 22,648 shares during the period. Victory Capital Management Inc. increased its position in Polaris by 167.1% during the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after buying an additional 27,375 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in Polaris by 8,867.5% in the third quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock valued at $5,322,000 after buying an additional 63,225 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Trading Down 2.2 %

PII opened at $56.38 on Friday. Polaris has a 52 week low of $55.55 and a 52 week high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $65.19 and a 200-day simple moving average of $75.24. The firm has a market cap of $3.14 billion, a P/E ratio of 15.75, a P/E/G ratio of 6.59 and a beta of 1.51.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business’s revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.71 earnings per share. On average, equities analysts expect that Polaris will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.64 annualized dividend and a dividend yield of 4.68%. Polaris’s dividend payout ratio is presently 73.74%.

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.