Polaris (NYSE:PII) Given “Equal Weight” Rating at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Polaris (NYSE:PII) in a research note published on Tuesday, MarketBeat reports. The firm currently has a $60.00 price objective on the stock, down from their previous price objective of $81.00.

Several other equities analysts have also issued reports on PII. Robert W. Baird decreased their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday, December 30th. Royal Bank of Canada decreased their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. DA Davidson cut their price objective on Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average target price of $77.82.

Polaris Price Performance

Polaris stock opened at $54.99 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3.07 billion, a P/E ratio of 15.36, a PEG ratio of 5.30 and a beta of 1.53. The business has a 50-day moving average of $61.42 and a 200-day moving average of $73.27. Polaris has a 1 year low of $52.77 and a 1 year high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data 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). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm posted $2.71 EPS. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. On average, equities analysts anticipate that Polaris will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio is presently 73.74%.

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lantz Financial LLC increased its position in Polaris by 12.6% during the fourth quarter. Lantz Financial LLC now owns 15,616 shares of the company’s stock worth $900,000 after buying an additional 1,746 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Polaris in the 4th quarter valued at $378,000. Inspire Investing LLC lifted its position in shares of Polaris by 41.6% during the 4th quarter. Inspire Investing LLC now owns 6,962 shares of the company’s stock valued at $401,000 after acquiring an additional 2,045 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock worth $208,000 after purchasing an additional 263 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Polaris in the 4th quarter valued at $300,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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.