Polaris (NYSE:PII - Free Report) had its price objective lowered by Citigroup from $57.00 to $53.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.
Other equities research analysts have also issued reports about the company. Royal Bank of Canada decreased their target price on Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 23rd. Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Morgan Stanley reissued an "equal weight" rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. KeyCorp downgraded shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a report on Monday, December 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Polaris has a consensus rating of "Hold" and an average target price of $67.82.
Check Out Our Latest Analysis on PII
Polaris Trading Down 2.8 %
Shares of NYSE PII traded down $1.36 during mid-day trading on Wednesday, reaching $47.68. The company had a trading volume of 3,176,499 shares, compared to its average volume of 1,399,477. Polaris has a 52 week low of $47.53 and a 52 week high of $100.91. The business's 50-day moving average is $59.03 and its 200-day moving average is $71.81. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 14.41 and a beta of 1.53. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 1.27.
Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping 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 expect that Polaris will post 1.14 earnings per share for the current year.
Polaris Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.67 dividend. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.62%. Polaris's dividend payout ratio (DPR) is presently 134.69%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PII. Venturi Wealth Management LLC grew its stake in shares of 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 during the last quarter. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after purchasing an additional 389 shares in the last quarter. Quarry LP boosted its stake in Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC grew its position in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after purchasing an additional 677 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock valued at $92,000 after purchasing an additional 183 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.
Polaris Company Profile
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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.
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