Polaris (NYSE:PII) Trading Down 7.4% After Analyst Downgrade

Polaris Inc. (NYSE:PII - Get Free Report) shares fell 7.4% on Monday after UBS Group lowered their price target on the stock from $67.00 to $48.00. UBS Group currently has a neutral rating on the stock. Polaris traded as low as $43.93 and last traded at $44.19. 581,547 shares changed hands during trading, a decline of 64% from the average session volume of 1,634,942 shares. The stock had previously closed at $47.70.

Other research analysts have also issued research reports about the company. StockNews.com lowered Polaris from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Robert W. Baird dropped their price objective on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating on the stock in a research note on Monday, December 30th. BMO Capital Markets reduced their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Truist Financial dropped their price target on shares of Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Finally, Roth Mkm reduced their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $66.17.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently modified their holdings of PII. Venturi Wealth Management LLC boosted its position in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after purchasing an additional 294 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after buying an additional 387 shares in the last quarter. Blue Trust Inc. grew its holdings in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after buying an additional 389 shares during the last quarter. 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 during the last quarter. Finally, GAMMA Investing LLC increased its position in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after buying an additional 677 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Performance

The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 14.51 and a beta of 1.50. The stock has a fifty day moving average price of $57.13 and a two-hundred day moving average price of $70.82.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.67 dividend. This is a boost from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 5.90%. The ex-dividend date is Monday, March 3rd. Polaris's payout ratio is presently 134.69%.

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.