Brokerages Set Polaris Inc. (NYSE:PII) PT at $87.09

Polaris Inc. (NYSE:PII) has earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $87.09.

PII has been the subject of several recent research reports. BMO Capital Markets reduced their target price on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Bank of America reduced their target price 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. Robert W. Baird reduced their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. DA Davidson reduced their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Royal Bank of Canada reduced their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd.

Polaris Stock Up 2.0 %

Polaris stock opened at $67.54 on Friday. The stock has a market capitalization of $3.77 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 6.92 and a beta of 1.52. Polaris has a twelve month low of $66.06 and a twelve month high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $77.98 and a 200-day moving average of $80.08.

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

Polaris Dividend Announcement

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 $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is presently 73.74%.

Hedge Funds Weigh In On Polaris

Several large investors have recently modified their holdings of the stock. Kiltearn Partners LLP raised its position in shares of Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after purchasing an additional 92,300 shares during the period. Townsquare Capital LLC raised its position in shares of Polaris by 11.1% in the third quarter. Townsquare Capital LLC now owns 5,277 shares of the company’s stock valued at $439,000 after purchasing an additional 526 shares during the period. FMR LLC raised its position in shares of Polaris by 22.0% in the third quarter. FMR LLC now owns 133,665 shares of the company’s stock valued at $11,126,000 after purchasing an additional 24,103 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Polaris by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after purchasing an additional 69,844 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Polaris by 4.3% in the third quarter. Bank of Montreal Can now owns 161,579 shares of the company’s stock valued at $13,726,000 after purchasing an additional 6,720 shares during the period. 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.