Polaris Inc. (NYSE:PII) Given Average Rating of “Hold” by Analysts

Shares of Polaris Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $61.50.

Several analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of Polaris from $64.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday. Roth Mkm cut their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. DA Davidson reduced their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 price objective (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Finally, Citigroup cut their price objective on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th.

Hedge Funds Weigh In On Polaris

Hedge funds and other institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after purchasing an additional 294 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares during the period. Twin Tree Management LP bought a new stake in shares of Polaris during the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC boosted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after buying an additional 387 shares during the period. Finally, Quarry LP boosted its position in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Down 3.3 %

Shares of Polaris stock opened at $42.56 on Friday. Polaris has a 1-year low of $39.79 and a 1-year high of $100.91. The company has a market capitalization of $2.39 billion, a PE ratio of 21.71, a P/E/G ratio of 13.95 and a beta of 1.54. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The business has a 50-day moving average of $48.03 and a 200-day moving average of $63.37.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, equities analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.67 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 6.30%. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

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.