Polaris (NYSE:PII) Upgraded at StockNews.com

StockNews.com upgraded shares of Polaris (NYSE:PII - Free Report) from a sell rating to a hold rating in a report published on Thursday.

A number of other brokerages have also recently commented on PII. KeyCorp decreased their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. 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 report on Wednesday, October 23rd. DA Davidson dropped their target price on shares of Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, Robert W. Baird reduced their price target on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have given 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 $87.09.

Polaris Stock Performance

Polaris stock traded up $0.76 during midday trading on Thursday, hitting $68.27. The company's stock had a trading volume of 847,183 shares, compared to its average volume of 731,651. The company has a 50-day moving average price of $75.32 and a two-hundred day moving average price of $78.84. Polaris has a 1-year low of $64.56 and a 1-year high of $100.91. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 7.44 and a beta of 1.52. 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 released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm's quarterly revenue was down 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.71 earnings per share. As a group, sell-side analysts predict that Polaris will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.87%. Polaris's payout ratio is presently 73.74%.

Institutional Investors Weigh In On Polaris

Hedge funds have recently modified their holdings of the company. Tidal Investments LLC bought a new position in Polaris in the first quarter valued at about $1,065,000. Kiltearn Partners LLP raised its holdings in Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company's stock valued at $12,877,000 after buying an additional 92,300 shares during the last quarter. Victory Capital Management Inc. boosted its position in Polaris by 167.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company's stock worth $3,643,000 after buying an additional 27,375 shares during the period. Savoir Faire Capital Management L.P. bought a new stake in Polaris during the 2nd quarter worth approximately $757,000. Finally, Dimensional Fund Advisors LP increased its position in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company's stock valued at $76,994,000 after acquiring an additional 96,194 shares during the period. Institutional investors and hedge funds 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.