Polaris Inc. (NYSE:PII) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Polaris Inc. (NYSE:PII - Get Free Report) have been given an average recommendation of "Hold" by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $87.09.

A number of equities analysts have commented on PII shares. DA Davidson reduced their price target on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. StockNews.com raised shares of Polaris from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Robert W. Baird lowered their target price on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their target price 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. Finally, KeyCorp lowered their target price on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd.

Hedge Funds Weigh In On Polaris

Hedge funds have recently bought and sold shares of the business. Kiltearn Partners LLP increased its position in Polaris by 147.9% during the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company's stock worth $12,877,000 after acquiring an additional 92,300 shares during the period. Victory Capital Management Inc. increased its position in Polaris by 167.1% during the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company's stock worth $3,643,000 after acquiring an additional 27,375 shares during the period. Savoir Faire Capital Management L.P. bought a new position in Polaris during the second quarter worth about $757,000. Dimensional Fund Advisors LP increased its position in Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company's stock worth $76,994,000 after acquiring an additional 96,194 shares during the period. Finally, ARGA Investment Management LP increased its holdings in Polaris by 42.8% in the 3rd quarter. ARGA Investment Management LP now owns 35,162 shares of the company's stock valued at $2,927,000 after buying an additional 10,539 shares during the period. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

Shares of NYSE:PII traded down $1.58 on Wednesday, hitting $65.85. 375,213 shares of the company were exchanged, compared to its average volume of 727,598. The company's 50 day moving average price is $74.02 and its two-hundred day moving average price is $78.29. Polaris has a one year low of $64.56 and a one year high of $100.91. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 7.09 and a beta of 1.51.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results 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 business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business's revenue was down 23.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.71 EPS. Research analysts expect that Polaris will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris's dividend payout ratio is presently 73.74%.

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.