Royal Bank of Canada Reaffirms "Sector Perform" Rating for Polaris (NYSE:PII)

Royal Bank of Canada restated their sector perform rating on shares of Polaris (NYSE:PII - Free Report) in a research report sent to investors on Monday,Benzinga reports. They currently have a $54.00 price objective on the stock.

A number of other research firms also recently weighed in on PII. Robert W. Baird dropped their price target on Polaris from $64.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday. DA Davidson cut their target price on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Citigroup decreased their price target on shares of Polaris from $57.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 price objective (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, 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 report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $59.83.

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Polaris Trading Down 0.5 %

Shares of PII stock traded down $0.19 during trading hours on Monday, hitting $41.95. 2,628,740 shares of the company were exchanged, compared to its average volume of 964,042. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris has a fifty-two week low of $39.29 and a fifty-two week high of $100.91. The company has a 50 day simple moving average of $47.51 and a two-hundred day simple moving average of $63.07. The firm has a market cap of $2.35 billion, a P/E ratio of 21.40, a P/E/G ratio of 13.95 and a beta of 1.54.

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

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date was Monday, March 3rd. This is an increase from Polaris's previous quarterly dividend of $0.66. Polaris's payout ratio is presently 136.73%.

Institutional Trading of Polaris

A number of institutional investors and hedge funds have recently modified their holdings of PII. Wealth Enhancement Advisory Services LLC grew its stake in Polaris by 16.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,970 shares of the company's stock valued at $229,000 after purchasing an additional 551 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Polaris during the fourth quarter valued at about $2,992,000. Neo Ivy Capital Management grew its position in Polaris by 525.5% during the fourth quarter. Neo Ivy Capital Management now owns 38,766 shares of the company's stock valued at $2,233,000 after buying an additional 32,568 shares during the period. Focus Partners Advisor Solutions LLC increased its holdings in Polaris by 125.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 6,090 shares of the company's stock worth $351,000 after buying an additional 3,388 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Polaris by 18.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,705 shares of the company's stock worth $8,280,000 after acquiring an additional 22,643 shares during the period. 88.06% of the stock is 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.