Polaris’ (PII) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Polaris (NYSE:PII) in a research report released on Monday morning,Benzinga reports. They currently have a $54.00 price objective on the stock.

PII has been the topic of a number of other reports. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. BMO Capital Markets cut their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Bank of America decreased their price target on Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Finally, Roth Mkm decreased their price target on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.50.

Polaris Price Performance

Shares of PII stock opened at $44.00 on Monday. The business has a fifty day simple moving average of $48.34 and a 200 day simple moving average of $63.66. The company has a market cap of $2.47 billion, a P/E ratio of 22.45, a P/E/G ratio of 13.95 and a beta of 1.54. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris has a twelve month low of $39.79 and a twelve month high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

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

Institutional Trading of Polaris

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

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.