Polaris (NYSE:PII) Sets New 1-Year Low Following Analyst Downgrade

Shares of Polaris Inc. (NYSE:PII) reached a new 52-week low during trading on Tuesday after UBS Group lowered their price target on the stock from $67.00 to $48.00. UBS Group currently has a neutral rating on the stock. Polaris traded as low as $43.20 and last traded at $43.56, with a volume of 6337073 shares. The stock had previously closed at $47.70.

PII has been the subject of a number of other research reports. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Morgan Stanley restated an “equal weight” rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Royal Bank of Canada cut their price objective on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Robert W. Baird cut their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. Finally, Roth Mkm cut their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $66.17.

Hedge Funds Weigh In On Polaris

Several institutional investors and hedge funds have recently bought and sold shares of PII. Venturi Wealth Management LLC grew its stake in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares during the period. Quarry LP grew its stake in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. Blue Trust Inc. grew its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares during the period. GAMMA Investing LLC grew its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after buying an additional 677 shares during the period. Finally, National Bank of Canada FI grew its stake in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Down 8.7 %

The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The firm’s 50 day simple moving average is $58.48 and its 200-day simple moving average is $71.43. The company has a market capitalization of $2.43 billion, a PE ratio of 22.23, a P/E/G ratio of 14.51 and a beta of 1.50.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, equities research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 6.15%. Polaris’s dividend payout ratio is 134.69%.

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.