Polaris (NYSE:PII) Price Target Lowered to $56.00 at Robert W. Baird

Polaris (NYSE:PII) had its price target trimmed by Robert W. Baird from $64.00 to $56.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on PII. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Roth Mkm cut their price target on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets decreased their price objective on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Truist Financial cut their target price on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, DA Davidson decreased their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.50.

Polaris Stock Up 3.9 %

Shares of NYSE:PII opened at $44.00 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 13.95 and a beta of 1.54. The company has a 50 day moving average of $48.34 and a 200-day moving average of $63.66. Polaris has a one year low of $39.79 and a one year high of $100.91.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, sell-side analysts forecast that Polaris will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date was Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is 136.73%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Polaris by 16.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,970 shares of the company’s stock worth $229,000 after purchasing an additional 551 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Polaris during the 4th quarter worth about $2,992,000. Neo Ivy Capital Management grew its holdings in shares of Polaris by 525.5% in the 4th quarter. Neo Ivy Capital Management now owns 38,766 shares of the company’s stock valued at $2,233,000 after acquiring an additional 32,568 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its position in shares of Polaris by 125.4% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 6,090 shares of the company’s stock valued at $351,000 after acquiring an additional 3,388 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Polaris by 18.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,705 shares of the company’s stock valued at $8,280,000 after purchasing an additional 22,643 shares during the last quarter. 88.06% of the stock is currently 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.