Polaris (NYSE:PII) Price Target Cut to $72.00 by Analysts at Robert W. Baird

Polaris (NYSE:PII - Free Report) had its price objective trimmed by Robert W. Baird from $84.00 to $72.00 in a report issued on Monday morning, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. DA Davidson cut their target price on Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. KeyCorp dropped their target price on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.00.

Polaris Stock Performance

Shares of NYSE:PII traded down $0.27 during mid-day trading on Monday, reaching $57.16. 1,005,732 shares of the company traded hands, compared to its average volume of 752,604. The company's 50 day moving average price is $66.47 and its 200-day moving average price is $75.78. The firm has a market cap of $3.19 billion, a PE ratio of 15.97, a PEG ratio of 6.59 and a beta of 1.51. Polaris has a 52 week low of $55.55 and a 52 week high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

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

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Monday, December 2nd. Polaris's payout ratio is currently 73.74%.

Hedge Funds Weigh In On Polaris

Institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in Polaris by 8.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,358 shares of the company's stock worth $1,203,000 after acquiring an additional 1,186 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Polaris by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,201 shares of the company's stock worth $955,000 after purchasing an additional 1,366 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Polaris during the second quarter valued at about $587,000. Signaturefd LLC grew its stake in Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company's stock valued at $51,000 after purchasing an additional 618 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Polaris in the second quarter worth about $79,000. 88.06% of the stock is 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.