Polaris Inc. (NYSE:PII) Receives Average Rating of “Hold” from Brokerages

Polaris Inc. (NYSE:PII) has been assigned an average rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $87.09.

A number of brokerages have recently weighed in on PII. Roth Mkm dropped their price target on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Robert W. Baird lowered their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets lowered their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th.

Polaris Stock Down 0.5 %

Shares of Polaris stock opened at $66.84 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The business’s 50 day simple moving average is $77.45 and its 200-day simple moving average is $79.85. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 7.05 and a beta of 1.52. Polaris has a twelve month low of $66.06 and a twelve month high of $100.91.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 earnings per share. Equities research analysts forecast that Polaris will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio is presently 73.74%.

Institutional Investors Weigh In On Polaris

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after acquiring an additional 94,680 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Polaris by 22.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company’s stock worth $6,616,000 after acquiring an additional 11,009 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Polaris during the 1st quarter worth $1,065,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Polaris by 14.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after acquiring an additional 169 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Polaris by 1,619.1% during the 1st quarter. SG Americas Securities LLC now owns 37,975 shares of the company’s stock worth $3,802,000 after acquiring an additional 35,766 shares in the last quarter. 88.06% of the stock is owned by 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.