Polaris Inc. (NYSE:PII) Receives Average Recommendation of "Hold" from Brokerages

Polaris Inc. (NYSE:PII - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $61.50.

A number of equities research analysts have issued reports on the company. Roth Mkm reduced their price target on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. BMO Capital Markets lowered their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Citigroup reduced their price objective on shares of Polaris from $57.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. KeyCorp lowered Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Finally, Bank of America cut their price target on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday.

Polaris Trading Up 3.9 %

PII traded up $1.67 during mid-day trading on Friday, hitting $44.00. 1,473,899 shares of the stock were exchanged, compared to its average volume of 947,579. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The company has a market cap of $2.47 billion, a PE ratio of 22.45, a PEG ratio of 13.95 and a beta of 1.54. The firm's fifty day moving average is $48.63 and its two-hundred day moving average is $63.94. Polaris has a 1-year low of $39.79 and a 1-year high of $100.91.

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Polaris (NYSE:PII - Get Free Report) last announced 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 net margin of 1.54% and a return on equity of 13.78%. Equities analysts forecast that Polaris will post 1.11 earnings per share for the current fiscal 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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio (DPR) is 136.73%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in Polaris by 371.7% during the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock worth $1,669,000 after purchasing an additional 22,835 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Polaris by 45.3% during the 4th quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company's stock worth $44,740,000 after purchasing an additional 241,926 shares in the last quarter. Angeles Wealth Management LLC purchased a new position in shares of Polaris in the 4th quarter valued at about $1,318,000. Aigen Investment Management LP purchased a new stake in Polaris during the fourth quarter worth about $839,000. Finally, Caprock Group LLC boosted its position in Polaris by 174.4% during the fourth quarter. Caprock Group LLC now owns 10,531 shares of the company's stock worth $607,000 after acquiring an additional 6,693 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.