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

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

PII has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson dropped their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, KeyCorp dropped their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On Polaris

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Polaris by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after purchasing an additional 69,844 shares during the period. Confluence Investment Management LLC raised its stake in Polaris by 0.7% during the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after purchasing an additional 6,724 shares during the period. Dimensional Fund Advisors LP raised its stake in Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after purchasing an additional 171,366 shares during the period. Finally, American Century Companies Inc. raised its stake in Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after purchasing an additional 292,992 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Price Performance

PII stock opened at $63.68 on Wednesday. The firm has a market cap of $3.55 billion, a PE ratio of 17.79, a P/E/G ratio of 7.05 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The firm’s fifty day moving average is $72.82 and its 200 day moving average is $77.96. Polaris has a one year low of $63.23 and a one year high of $100.91.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion for 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 in the prior year, the business posted $2.71 EPS. On average, research analysts forecast that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.15%. Polaris’s payout ratio is presently 73.74%.

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.