Polaris (NYSE:PII) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Polaris (NYSE:PII) from a hold rating to a sell rating in a research note released on Tuesday.

Other research analysts also recently issued research reports about the company. Robert W. Baird cut their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped 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. KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, DA Davidson dropped their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Down 0.4 %

PII stock opened at $66.01 on Tuesday. Polaris has a fifty-two week low of $63.23 and a fifty-two week high of $100.91. The stock has a fifty day moving average of $72.14 and a 200-day moving average of $77.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The company 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.

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

Polaris Dividend Announcement

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

Hedge Funds Weigh In On Polaris

A number of large investors have recently modified their holdings of PII. Venturi Wealth Management LLC raised its holdings in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares in the last quarter. Quarry LP raised its holdings in shares of Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after buying an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Polaris during the 2nd quarter valued at about $57,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.