Polaris Inc. (NYSE:PII) Receives Consensus Rating of “Hold” from Analysts

Shares of Polaris Inc. (NYSE:PII) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $66.17.

A number of equities analysts have recently issued reports on PII shares. Robert W. Baird lowered their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. Morgan Stanley restated an “equal weight” rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. UBS Group lowered their price objective on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Truist Financial lowered their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada lowered their price objective on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th.

Polaris Stock Performance

Shares of Polaris stock opened at $42.25 on Friday. The firm has a market capitalization of $2.37 billion, a P/E ratio of 21.56, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris has a 52 week low of $39.79 and a 52 week high of $100.91. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The firm’s 50 day moving average is $49.22 and its two-hundred day moving average is $64.70.

Polaris (NYSE:PII) last announced its quarterly earnings results 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%. Research analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 6.34%. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is 136.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PII. Venturi Wealth Management LLC raised its stake in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Polaris during the 4th quarter worth $29,000. Lindbrook Capital LLC raised its stake in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after buying an additional 387 shares during the last quarter. Finally, Quarry LP raised its stake in shares of 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 during the last quarter. Institutional investors and hedge funds 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.