DA Davidson Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII - Free Report) had its price objective cut by DA Davidson from $84.00 to $69.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird lowered their price objective on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a research report on Monday, December 30th. Truist Financial reduced their price objective on Polaris from $76.00 to $60.00 and set a "hold" rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada lowered their target price 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. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Finally, StockNews.com cut Polaris from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Polaris has a consensus rating of "Hold" and an average price target of $79.60.

Polaris Stock Performance

Shares of PII stock traded down $1.78 during mid-day trading on Friday, reaching $55.47. The stock had a trading volume of 1,661,022 shares, compared to its average volume of 853,615. Polaris has a one year low of $52.77 and a one year high of $100.91. The firm has a market cap of $3.09 billion, a PE ratio of 15.49, a P/E/G ratio of 4.84 and a beta of 1.53. The firm's 50 day simple moving average is $61.91 and its 200 day simple moving average is $73.57. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII - Get Free Report) last released 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 company had revenue of $1.72 billion for 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%. The firm's revenue for the quarter was down 23.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.71 earnings per share. On average, analysts forecast that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris's dividend payout ratio is currently 73.74%.

Institutional Trading of Polaris

A number of large investors have recently made changes to their positions in PII. Inspire Investing LLC increased its stake in Polaris by 41.6% during the 4th quarter. Inspire Investing LLC now owns 6,962 shares of the company's stock worth $401,000 after purchasing an additional 2,045 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after acquiring an additional 263 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Polaris during the fourth quarter worth $300,000. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Polaris by 10.6% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 10,359 shares of the company's stock worth $597,000 after acquiring an additional 989 shares during the period. Finally, Gateway Investment Advisers LLC lifted its position in Polaris by 7.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 8,351 shares of the company's stock valued at $481,000 after acquiring an additional 588 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

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.