Polaris (NYSE:PII) Hits New 1-Year Low - What's Next?

Polaris Inc. (NYSE:PII - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $62.74 and last traded at $62.74, with a volume of 88787 shares. The stock had previously closed at $64.65.

Analyst Ratings Changes

PII has been the subject of several recent research reports. Robert W. Baird cut their price target on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded Polaris from a "hold" rating to a "sell" rating in a research note on Tuesday. Royal Bank of Canada decreased their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 23rd. KeyCorp dropped their price target 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, DA Davidson decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $87.09.

Polaris Price Performance

The firm has a market cap of $3.52 billion, a P/E ratio of 17.63, a P/E/G ratio of 6.81 and a beta of 1.51. The firm's fifty day simple moving average is $71.08 and its 200 day simple moving average is $77.33. 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 (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion for 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%. Polaris's quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 earnings per share. As a group, analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 yield of 4.18%. The ex-dividend date is Monday, December 2nd. Polaris's payout ratio is 73.74%.

Hedge Funds Weigh In On Polaris

Institutional investors and hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC raised its position in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. raised its position in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after purchasing an additional 389 shares during the period. Quarry LP lifted its stake in shares of Polaris by 187.4% in 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. Signaturefd LLC boosted its holdings in shares of Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company's stock worth $51,000 after purchasing an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Polaris during the 2nd quarter valued at approximately $57,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

About Polaris

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.