UBS Group Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII - Free Report) had its price objective reduced by UBS Group from $67.00 to $48.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also issued reports on PII. Morgan Stanley reiterated an "equal weight" rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Royal Bank of Canada cut their price target on Polaris from $65.00 to $54.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. BMO Capital Markets dropped their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird reduced their price target on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a report on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $66.17.

Polaris Stock Up 0.4 %

NYSE PII traded up $0.16 during trading on Monday, hitting $45.44. 1,249,466 shares of the company traded hands, compared to its average volume of 1,903,793. The company has a market capitalization of $2.53 billion, a P/E ratio of 23.19, a PEG ratio of 14.51 and a beta of 1.50. The business has a fifty day simple moving average of $57.59 and a 200 day simple moving average of $70.99. Polaris has a 12 month low of $43.20 and a 12 month high of $100.91. 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 (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share 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%. As a group, sell-side analysts predict that Polaris will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.90%. This is an increase from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Monday, March 3rd. Polaris's payout ratio is presently 134.69%.

Hedge Funds Weigh In On Polaris

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC raised its stake in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after acquiring an additional 294 shares in the last quarter. 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% in the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after buying an additional 389 shares in the last quarter. GAMMA Investing LLC grew its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after buying an additional 677 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock worth $92,000 after buying an additional 183 shares in the last quarter. 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.