Polaris (NYSE:PII) Hits New 12-Month Low – Time to Sell?

Polaris Inc. (NYSE:PII)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $62.74 and last traded at $62.74, with a volume of 88787 shares. The stock had previously closed at $64.65.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PII shares. KeyCorp decreased their target price 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 dropped their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Finally, DA Davidson cut their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Trading Down 3.5 %

The company’s fifty day moving average is $71.47 and its two-hundred day moving average is $77.50. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 6.81 and a beta of 1.51.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 earnings per share. On average, research analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Polaris by 3.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after purchasing an additional 69,844 shares during the last quarter. Confluence Investment Management LLC boosted its holdings 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 valued at $86,516,000 after acquiring an additional 6,724 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 valued at $76,994,000 after acquiring an additional 96,194 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 acquiring an additional 171,366 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after acquiring an additional 292,992 shares during the period. 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.