Polaris Inc. (NYSE:PII) Given Consensus Rating of "Hold" by Analysts

Shares of Polaris Inc. (NYSE:PII - Get Free Report) have earned an average recommendation of "Hold" from the eleven research firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $87.09.

Several research analysts have recently weighed in on PII shares. Longbow Research reiterated a "neutral" rating on shares of Polaris in a report on Wednesday, July 24th. DA Davidson cut their price target on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada lowered their price objective on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a research note on Wednesday, October 23rd. Bank of America dropped their price objective on Polaris from $86.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Finally, Citigroup reduced their target price on Polaris from $86.00 to $83.00 and set a "neutral" rating on the stock in a report on Wednesday, July 24th.

Polaris Trading Down 1.2 %

NYSE PII traded down $0.85 during mid-day trading on Friday, reaching $68.93. 894,540 shares of the stock were exchanged, compared to its average volume of 732,318. The stock has a market capitalization of $3.84 billion, a PE ratio of 19.25, a PEG ratio of 7.47 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris has a 1-year low of $68.45 and a 1-year high of $100.91. The business's fifty day simple moving average is $78.92 and its 200 day simple moving average is $80.43.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Polaris's revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.71 EPS. On average, research analysts anticipate that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.83%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio (DPR) is 73.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in Polaris by 534.5% in the third 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. Blue Trust Inc. increased its stake in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after buying an additional 389 shares during the last quarter. Bessemer Group Inc. raised its holdings in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company's stock valued at $37,000 after acquiring an additional 235 shares in the last quarter. Signaturefd LLC boosted its stake in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company's stock valued at $51,000 after acquiring an additional 618 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Polaris during the 2nd quarter worth $57,000. 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.