Polaris (NYSE:PII) Reaches New 12-Month Low - Time to Sell?

Polaris Inc. (NYSE:PII - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $66.00 and last traded at $66.48, with a volume of 43160 shares trading hands. The stock had previously closed at $66.82.

Analyst Ratings Changes

PII has been the subject of a number of recent analyst reports. StockNews.com upgraded Polaris from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America dropped their price target on Polaris from $86.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 24th. Longbow Research reaffirmed a "neutral" rating on shares of Polaris in a research report on Wednesday, July 24th. Royal Bank of Canada dropped their price target on Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 23rd. Finally, Roth Mkm dropped their price target on Polaris from $92.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $87.09.

Polaris Trading Down 0.2 %

The firm has a fifty day simple moving average of $77.21 and a two-hundred day simple moving average of $79.67. The stock has a market cap of $3.72 billion, a PE ratio of 18.63, a PEG ratio of 6.98 and a beta of 1.52. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate 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 revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.71 earnings per share. As a group, equities analysts expect that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 3.96%. Polaris's payout ratio is 73.74%.

Institutional Investors Weigh In On Polaris

Several institutional investors and hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank lifted its holdings in Polaris by 2.9% in the 3rd quarter. Toronto Dominion Bank now owns 16,484 shares of the company's stock worth $1,372,000 after buying an additional 465 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Polaris in the 3rd quarter valued at approximately $516,000. M&T Bank Corp boosted its position in shares of Polaris by 10.9% during the third quarter. M&T Bank Corp now owns 3,141 shares of the company's stock valued at $261,000 after purchasing an additional 309 shares in the last quarter. Harvest Investment Advisors LLC boosted its position in shares of Polaris by 11.3% during the third quarter. Harvest Investment Advisors LLC now owns 18,301 shares of the company's stock valued at $1,523,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Polaris by 93.5% during the third quarter. Public Employees Retirement System of Ohio now owns 38,527 shares of the company's stock valued at $3,207,000 after purchasing an additional 18,619 shares in the last quarter. Hedge funds and other 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.