Polaris (NYSE:PII) Given New $72.00 Price Target at Robert W. Baird

Polaris (NYSE:PII) had its price objective trimmed by Robert W. Baird from $84.00 to $72.00 in a report released on Monday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

PII has been the topic of a number of other reports. Royal Bank of Canada reduced their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp cut their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson lowered their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.00.

Polaris Trading Down 0.5 %

PII opened at $57.16 on Monday. The business has a fifty day moving average price of $66.47 and a 200 day moving average price of $75.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. Polaris has a 12 month low of $55.55 and a 12 month high of $100.91. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 6.59 and a beta of 1.51.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.71 earnings per share. Sell-side analysts expect that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 73.74%.

Institutional Trading of Polaris

Several institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its position in Polaris by 311.6% during 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 last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Polaris during the second quarter worth about $15,363,000. RWWM Inc. boosted its stake in shares of Polaris by 192.3% during the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after buying an additional 179,244 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after buying an additional 171,366 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Polaris in the 3rd quarter valued at about $12,670,000. Hedge funds and other institutional investors 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.