Polaris (NYSE:PII) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Polaris (NYSE:PII) from a sell rating to a hold rating in a research report released on Thursday morning.

A number of other research firms also recently weighed in on PII. Royal Bank of Canada reduced their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. DA Davidson decreased their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. KeyCorp decreased their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Robert W. Baird lowered their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris Trading Up 1.1 %

Shares of NYSE PII opened at $69.00 on Thursday. Polaris has a fifty-two week low of $64.56 and a fifty-two week high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The firm has a market capitalization of $3.85 billion, a P/E ratio of 19.27, a P/E/G ratio of 7.21 and a beta of 1.52. The company’s 50 day simple moving average is $74.66 and its 200 day simple moving average is $78.57.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris’s quarterly revenue was down 23.4% on a year-over-year basis. During the same period last year, the firm earned $2.71 EPS. On average, analysts predict that Polaris will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 3.83%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Hedge Funds Weigh In On Polaris

Institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Polaris by 12.2% during the third quarter. Franklin Resources Inc. now owns 169,004 shares of the company’s stock worth $13,745,000 after acquiring an additional 18,418 shares during the last quarter. Virtu Financial LLC acquired a new position in Polaris during the third quarter worth $535,000. Toronto Dominion Bank raised its holdings in shares of Polaris by 2.9% in the 3rd quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock worth $1,372,000 after acquiring an additional 465 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Polaris in the third quarter worth approximately $516,000. Finally, M&T Bank Corp lifted its stake in Polaris by 10.9% during the 3rd quarter. M&T Bank Corp now owns 3,141 shares of the company’s stock valued at $261,000 after acquiring an additional 309 shares in the last quarter. 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.