Polaris Inc. (NYSE:PII) Receives Average Rating of “Hold” from Brokerages

Shares of Polaris Inc. (NYSE:PII) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $87.09.

A number of equities analysts have issued reports on the stock. DA Davidson decreased their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday. KeyCorp reduced their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird reduced their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd.

Polaris Price Performance

PII stock opened at $66.01 on Wednesday. The firm’s 50-day moving average price is $72.14 and its two-hundred day moving average price is $77.68. Polaris has a 12-month low of $63.23 and a 12-month high of $100.91. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 6.65 and a beta of 1.51. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $2.71 EPS. Polaris’s revenue was down 23.4% compared to the same quarter last year. As a group, equities analysts predict that Polaris will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.00%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is currently 73.74%.

Institutional Investors Weigh In On Polaris

Several hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in Polaris by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after acquiring an additional 69,844 shares in the last quarter. Confluence Investment Management LLC lifted its stake in shares of Polaris by 0.7% in the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after buying an additional 6,724 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after buying an additional 96,194 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Polaris by 44.6% in 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 in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares in the last quarter. 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.