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

Polaris Inc. (NYSE:PII) has been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $87.09.

A number of research analysts recently commented on PII shares. KeyCorp lowered their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. DA Davidson decreased their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Robert W. Baird cut their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently bought and sold shares of PII. American Century Companies Inc. increased its holdings in shares of Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after buying an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Polaris in the 2nd quarter worth $15,363,000. RWWM Inc. grew its holdings in shares of Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after acquiring an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after purchasing an additional 171,366 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Polaris during the third quarter valued at $12,670,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Up 0.2 %

Shares of NYSE:PII opened at $57.43 on Friday. Polaris has a 1-year low of $55.55 and a 1-year high of $100.91. The company’s fifty day moving average is $66.47 and its two-hundred day moving average is $75.83. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 6.59 and a beta of 1.51.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue was down 23.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.71 EPS. Equities analysts anticipate that Polaris will post 3.22 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio is presently 73.74%.

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.