Polaris Inc. (NYSE:PII) Given Average Rating of “Hold” by Brokerages

Polaris Inc. (NYSE:PII) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $89.18.

Several brokerages recently commented on PII. Robert W. Baird decreased their price objective on shares of Polaris from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. KeyCorp lowered their price objective on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Longbow Research reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Citigroup reduced their target price on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, Bank of America dropped their price target on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th.

Polaris Trading Up 2.9 %

NYSE PII opened at $85.86 on Friday. Polaris has a 52 week low of $71.90 and a 52 week high of $107.96. The company has a 50 day moving average price of $81.73 and a 200 day moving average price of $84.30. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The firm has a market cap of $4.79 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 7.42 and a beta of 1.51.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.42 earnings per share. As a group, sell-side analysts forecast that Polaris will post 3.79 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.07%. The ex-dividend date was Tuesday, September 3rd. Polaris’s dividend payout ratio (DPR) is 38.71%.

Hedge Funds Weigh In On Polaris

Several institutional investors have recently made changes to their positions in PII. Capital World Investors grew its position in Polaris by 2.4% during the fourth quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock valued at $640,447,000 after buying an additional 160,918 shares during the period. Vanguard Group Inc. grew its position in shares of Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after acquiring an additional 94,680 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Polaris in the 1st quarter valued at about $108,890,000. Dimensional Fund Advisors LP increased its stake in shares of Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after purchasing an additional 292,992 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.