Analysts Set Polaris Inc. (NYSE:PII) PT at $58.50

Shares of Polaris Inc. (NYSE:PII - Get Free Report) have earned an average rating of "Hold" from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $52.91.

A number of research firms recently commented on PII. UBS Group lowered their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Bank of America dropped their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Morgan Stanley reiterated an "equal weight" rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Finally, Baird R W downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th.

Polaris Price Performance

Shares of PII stock traded up $0.79 on Tuesday, hitting $34.19. 2,451,768 shares of the stock traded hands, compared to its average volume of 1,058,731. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris has a 52 week low of $30.92 and a 52 week high of $92.35. The firm has a 50 day simple moving average of $42.35 and a two-hundred day simple moving average of $57.61. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 13.95 and a beta of 1.32.

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Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS 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 research analysts predict that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 7.84%. This is a positive change from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio (DPR) is currently 136.73%.

Institutional Investors Weigh In On Polaris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RWWM Inc. increased its position in shares of Polaris by 377.4% during the 4th quarter. RWWM Inc. now owns 889,698 shares of the company's stock valued at $51,264,000 after purchasing an additional 703,322 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Polaris by 132.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after acquiring an additional 513,542 shares during the last quarter. Norges Bank purchased a new stake in shares of Polaris in the fourth quarter valued at $24,659,000. Capital World Investors lifted its holdings in shares of Polaris by 6.7% in the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after acquiring an additional 388,050 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Polaris during the 4th quarter worth about $21,776,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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.