Polaris (NYSE:PII) Price Target Cut to $56.00 by Analysts at Robert W. Baird

Polaris (NYSE:PII) had its price target decreased by Robert W. Baird from $64.00 to $56.00 in a research report report published on Monday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Roth Mkm lowered their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, UBS Group reduced their target price on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.50.

Polaris Stock Performance

Shares of NYSE PII opened at $44.00 on Monday. The business’s 50-day simple moving average is $48.34 and its 200-day simple moving average is $63.66. Polaris has a 52 week low of $39.79 and a 52 week high of $100.91. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) 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, equities research analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This is a positive change from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 6.09%. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Hedge Funds Weigh In On Polaris

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC raised its stake in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after acquiring an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Polaris in the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC raised its position in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares during the last quarter. Quarry LP lifted its holdings in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

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.