Polaris Inc. (NYSE:PII) Receives Consensus Recommendation of “Hold” from Analysts

Polaris Inc. (NYSE:PII) has been assigned 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 rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $87.09.

Several equities research analysts recently issued reports on the company. KeyCorp reduced their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. DA Davidson lowered their price objective 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. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, Robert W. Baird decreased their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd.

Hedge Funds Weigh In On Polaris

Several hedge funds have recently bought and sold shares of PII. American Century Companies Inc. lifted its position in shares of Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Polaris in the 2nd quarter valued at approximately $15,363,000. RWWM Inc. lifted its holdings in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after purchasing an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Polaris by 44.6% in the 3rd 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 last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Polaris during the third quarter worth approximately $12,670,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Up 0.2 %

PII stock opened at $57.43 on Friday. 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 firm has a market capitalization of $3.20 billion, a P/E ratio of 16.04, a P/E/G ratio of 6.59 and a beta of 1.51. Polaris has a 52-week low of $55.55 and a 52-week high of $100.91. The company’s 50 day simple moving average is $66.47 and its 200-day simple moving average is $75.83.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (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%. Polaris’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same period last year, the firm earned $2.71 earnings per share. As a group, equities research analysts anticipate that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, December 2nd. 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.