Polaris (NYSE:PII) Trading Down 5.1% - Here's What Happened

Polaris Inc. (NYSE:PII - Get Free Report) shares fell 5.1% during trading on Tuesday . The company traded as low as $45.31 and last traded at $45.02. 84,471 shares were traded during trading, a decline of 91% from the average session volume of 929,029 shares. The stock had previously closed at $47.45.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PII. UBS Group lowered their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Truist Financial cut their price target on shares of Polaris from $60.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Robert W. Baird cut their target price on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a research note on Monday, December 30th. Finally, KeyCorp cut shares of Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Polaris presently has a consensus rating of "Hold" and an average target price of $66.17.

Polaris Stock Down 7.0 %

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 13.95 and a beta of 1.54. The firm has a fifty day simple moving average of $49.94 and a 200-day simple moving average of $65.39.

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Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS 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, sell-side analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.67 per share. This is a positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 6.07%. Polaris's dividend payout ratio (DPR) is currently 136.73%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PII. RWWM Inc. raised its holdings in Polaris by 377.4% in the 4th quarter. RWWM Inc. now owns 889,698 shares of the company's stock worth $51,264,000 after purchasing an additional 703,322 shares during the period. Artisan Partners Limited Partnership increased its position in Polaris by 132.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock worth $51,909,000 after buying an additional 513,542 shares in the last quarter. Norges Bank bought a new position in shares of Polaris in the fourth quarter worth about $24,659,000. Capital World Investors lifted its position in shares of Polaris by 6.7% during the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after buying an additional 388,050 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Polaris during the 4th quarter valued at approximately $21,776,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.

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