Polaris Inc. (NYSE:PII - Get Free Report)'s share price shot up 4.9% during trading on Thursday . The company traded as high as $43.26 and last traded at $43.24. 553,175 shares traded hands during trading, a decline of 39% from the average session volume of 908,624 shares. The stock had previously closed at $41.23.
Wall Street Analyst Weigh In
PII has been the subject of a number of recent research reports. Royal Bank of Canada cut their price target on Polaris from $65.00 to $54.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. BMO Capital Markets reduced their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. UBS Group lowered their target price on Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley restated an "equal weight" rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Finally, DA Davidson lowered their price objective on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $66.17.
Read Our Latest Report on Polaris
Polaris Stock Performance
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 business's fifty day simple moving average is $49.94 and its 200-day simple moving average is $65.39. The company has a market capitalization of $2.69 billion, a P/E ratio of 24.39, a P/E/G ratio of 13.95 and a beta of 1.54.
Polaris (NYSE:PII - Get Free Report) last released its quarterly 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 return on equity of 13.78% and a net margin of 1.54%. As a group, equities analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.
Polaris Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.59%. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. Polaris's dividend payout ratio is currently 136.73%.
Institutional Investors Weigh In On Polaris
Several large investors have recently added to or reduced their stakes in PII. Venturi Wealth Management LLC increased its position in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after purchasing an additional 294 shares during the last quarter. Quarry LP grew its stake in shares of Polaris by 187.4% during the third 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. Twin Tree Management LP purchased a new position in Polaris during the 4th quarter valued at $29,000. Larson Financial Group LLC increased its stake in 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 purchasing an additional 402 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the last quarter. 88.06% of the stock is owned by institutional investors.
About Polaris
(
Get Free Report)
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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