Robert W. Baird Downgrades Polaris (NYSE:PII) to Neutral

Robert W. Baird lowered shares of Polaris (NYSE:PII - Free Report) from an outperform rating to a neutral rating in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have $40.00 price objective on the stock, down from their prior price objective of $56.00.

A number of other research firms also recently issued reports on PII. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $54.00 price objective on shares of Polaris in a report on Monday, March 17th. Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and dropped their price target for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. BMO Capital Markets reduced their price objective on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Bank of America dropped their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, DA Davidson cut their target price on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $58.50.

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Polaris Stock Down 5.1 %

NYSE PII traded down $1.86 during mid-day trading on Friday, hitting $34.85. The company's stock had a trading volume of 2,705,090 shares, compared to its average volume of 1,024,212. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The company's 50 day simple moving average is $44.41 and its 200 day simple moving average is $59.71. Polaris has a twelve month low of $33.61 and a twelve month high of $100.00. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Analysts anticipate that Polaris will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 7.69%. Polaris's dividend payout ratio (DPR) is 136.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PII. Larson Financial Group LLC boosted its holdings in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after acquiring an additional 402 shares during the period. Twin Tree Management LP purchased a new stake in Polaris during the 4th quarter worth about $29,000. Lindbrook Capital LLC boosted its stake in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the period. Quarry LP grew its holdings in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after buying an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after buying an additional 797 shares during the period. 88.06% of the stock is currently 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.