Polaris (NYSE:PII) Hits New 12-Month Low at $75.31

Polaris Inc. (NYSE:PII)’s stock price hit a new 52-week low on Monday . The stock traded as low as $75.31 and last traded at $75.34, with a volume of 285187 shares. The stock had previously closed at $78.31.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent research reports. Truist Financial cut their target price on shares of Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Monday, April 8th. Bank of America assumed coverage on Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price on the stock. Robert W. Baird cut their price target on Polaris from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada decreased their price objective on Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 24th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.36.

Polaris Price Performance

The firm has a market cap of $4.28 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.70 and a beta of 1.53. The firm’s fifty day simple moving average is $81.54 and its 200 day simple moving average is $88.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company’s revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. As a group, analysts forecast that Polaris Inc. will post 8.01 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Monday, June 3rd. Polaris’s payout ratio is 38.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PII. New England Capital Financial Advisors LLC purchased a new position in Polaris during the first quarter worth $25,000. Creekmur Asset Management LLC bought a new position in Polaris during the 4th quarter valued at about $27,000. BKM Wealth Management LLC purchased a new stake in Polaris in the 4th quarter worth about $31,000. Bessemer Group Inc. lifted its stake in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares during the last quarter. Finally, First United Bank & Trust purchased a new position in shares of Polaris during the fourth quarter valued at approximately $40,000. Institutional investors own 88.06% of the company’s stock.

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.