Polaris Inc. (NYSE:PII) Given Average Recommendation of "Hold" by Brokerages

Polaris Inc. (NYSE:PII - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $66.17.

PII has been the topic of a number of research reports. BMO Capital Markets cut their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. DA Davidson lowered their target price on Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Roth Mkm cut their price target on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. KeyCorp downgraded Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st.

Polaris Trading Down 1.2 %

Shares of PII stock traded down $0.54 on Monday, reaching $45.83. The company had a trading volume of 1,202,825 shares, compared to its average volume of 1,730,376. The stock has a market cap of $2.56 billion, a PE ratio of 23.38, a PEG ratio of 14.07 and a beta of 1.50. The company has a 50-day moving average of $53.33 and a 200-day moving average of $68.53. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris has a 12 month low of $42.85 and a 12 month high of $100.91.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, equities analysts forecast that Polaris will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.85%. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. Polaris's dividend payout ratio is presently 134.69%.

Hedge Funds Weigh In On Polaris

A number of hedge funds and other institutional investors have recently bought and sold shares of PII. Venturi Wealth Management LLC boosted its stake in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after acquiring an additional 294 shares during the period. Quarry LP lifted its holdings in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after purchasing an additional 253 shares during the last quarter. Blue Trust Inc. boosted its position in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after purchasing an additional 389 shares during the period. Twin Tree Management LP acquired a new position in shares of Polaris in the fourth quarter valued at $29,000. Finally, Larson Financial Group LLC raised its position 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. Institutional investors 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.