Analysts Set Polaris Inc. (NYSE:PII) PT at $66.17

Polaris Inc. (NYSE:PII) has been assigned an average rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $66.17.

PII has been the topic of a number of research reports. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. UBS Group reduced their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Roth Mkm reduced their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird reduced their price objective on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th.

Hedge Funds Weigh In On Polaris

A number of institutional investors and hedge funds have recently modified their holdings of PII. Capital World Investors boosted its holdings in Polaris by 6.7% during the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock valued at $354,725,000 after acquiring an additional 388,050 shares during the period. Vanguard Group Inc. boosted its holdings in Polaris by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after acquiring an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. boosted its holdings in Polaris by 2.6% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after acquiring an additional 69,766 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Polaris by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company’s stock valued at $131,609,000 after acquiring an additional 21,087 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Polaris by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after acquiring an additional 69,844 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Up 0.5 %

Shares of PII opened at $42.42 on Friday. The business’s 50 day moving average is $48.63 and its 200 day moving average is $63.94. The company has a market capitalization of $2.38 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris has a 12-month low of $39.79 and a 12-month high of $100.91. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Research analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.67 dividend. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.32%. Polaris’s payout ratio is 136.73%.

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.