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

Shares of Polaris Inc. (NYSE:PII) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $66.17.

A number of brokerages recently weighed in on PII. BMO Capital Markets reduced their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. UBS Group reduced their target price on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reduced their target price on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. Finally, Roth Mkm reduced their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PII. RWWM Inc. increased its stake in shares of Polaris by 377.4% during the fourth quarter. RWWM Inc. now owns 889,698 shares of the company’s stock worth $51,264,000 after acquiring an additional 703,322 shares during the period. Artisan Partners Limited Partnership grew its position in Polaris by 132.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock worth $51,909,000 after buying an additional 513,542 shares during the period. Norges Bank acquired a new position in Polaris during the fourth quarter worth about $24,659,000. Capital World Investors grew its position in Polaris by 6.7% during the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock worth $354,725,000 after buying an additional 388,050 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Polaris during the fourth quarter worth about $21,776,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Price Performance

Shares of PII opened at $45.08 on Monday. Polaris has a 1-year low of $42.85 and a 1-year high of $100.91. The stock has a market cap of $2.51 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 13.80 and a beta of 1.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The firm has a fifty day moving average price of $54.52 and a 200 day moving average price of $69.15.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Polaris will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.94%. This is a positive change from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Monday, March 3rd. Polaris’s payout ratio is 134.69%.

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.