StockNews.com Downgrades Polaris (NYSE:PII) to Sell

StockNews.com lowered shares of Polaris (NYSE:PII) from a hold rating to a sell rating in a research report released on Wednesday morning.

A number of other equities research analysts have also recently issued reports on PII. Robert W. Baird lowered their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Roth Mkm lowered their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Bank of America cut their price objective on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada lowered their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, KeyCorp cut their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.09.

Polaris Trading Down 1.0 %

NYSE PII opened at $65.20 on Wednesday. The business’s fifty day moving average is $76.71 and its 200-day moving average is $79.44. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 6.88 and a beta of 1.52. Polaris has a one year low of $64.56 and a one year high of $100.91.

Polaris (NYSE:PII) last released its 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). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The firm’s revenue was down 23.4% on a year-over-year basis. Equities research analysts predict that Polaris will post 3.22 EPS 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 given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is currently 73.74%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Polaris during the third quarter worth about $535,000. Toronto Dominion Bank boosted its stake in Polaris by 2.9% in the third quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock worth $1,372,000 after buying an additional 465 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Polaris in the third quarter worth approximately $516,000. M&T Bank Corp raised its stake in shares of Polaris by 10.9% during the third quarter. M&T Bank Corp now owns 3,141 shares of the company’s stock worth $261,000 after acquiring an additional 309 shares in the last quarter. Finally, Harvest Investment Advisors LLC raised its stake in shares of Polaris by 11.3% during the third quarter. Harvest Investment Advisors LLC now owns 18,301 shares of the company’s stock worth $1,523,000 after acquiring an additional 1,865 shares in the last quarter. 88.06% of the stock is currently 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.