Polaris Inc. (NYSE:PII) Given Average Recommendation of “Hold” by Brokerages

Polaris Inc. (NYSE:PII) has earned an average rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $104.73.

A number of analysts have commented on PII shares. KeyCorp reduced their price target on Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. BMO Capital Markets cut their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. Morgan Stanley upgraded Polaris from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $103.00 to $113.00 in a research report on Wednesday, January 17th. Royal Bank of Canada increased their target price on Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Finally, Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Monday, April 8th.

Polaris Stock Performance

Shares of PII opened at $88.27 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The business has a 50-day simple moving average of $92.93 and a two-hundred day simple moving average of $91.69. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.37 and a beta of 1.60. Polaris has a 52 week low of $82.00 and a 52 week high of $138.49.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.46 EPS. On average, analysts expect that Polaris will post 7.97 EPS for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.99%. This is a positive change from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, February 29th. Polaris’s dividend payout ratio (DPR) is presently 30.34%.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently modified their holdings of PII. Creekmur Asset Management LLC purchased a new position in Polaris during the 4th quarter worth $27,000. BKM Wealth Management LLC purchased a new position in shares of Polaris in the 4th quarter valued at $31,000. First United Bank & Trust purchased a new position in shares of Polaris in the 4th quarter valued at $40,000. Larson Financial Group LLC increased its holdings in shares of Polaris by 536.5% in the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after acquiring an additional 338 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of Polaris in the 3rd quarter worth $46,000. 88.06% of the stock is owned by 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.