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

Polaris Inc. (NYSE:PII) has been assigned an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $89.18.

Several research firms have recently commented on PII. Bank of America dropped their price objective on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, July 24th. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. Citigroup decreased their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, BMO Capital Markets decreased their target price on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th.

Polaris Stock Up 0.5 %

NYSE:PII opened at $81.33 on Tuesday. The company has a market cap of $4.53 billion, a PE ratio of 14.24, a P/E/G ratio of 7.13 and a beta of 1.51. Polaris has a twelve month low of $71.90 and a twelve month high of $100.91. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The company’s 50 day moving average is $82.16 and its two-hundred day moving average is $82.86.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.89). The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The firm’s revenue was down 11.5% on a year-over-year basis. During the same period last year, the company earned $2.42 earnings per share. Analysts anticipate that Polaris will post 3.79 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. Polaris’s dividend payout ratio is currently 46.23%.

Institutional Investors Weigh In On Polaris

A number of hedge funds have recently modified their holdings of the company. Creative Planning grew its holdings in shares of Polaris by 11.7% in the third quarter. Creative Planning now owns 68,811 shares of the company’s stock valued at $5,728,000 after purchasing an additional 7,198 shares during the period. Gateway Investment Advisers LLC boosted its stake in Polaris by 9.8% during the third quarter. Gateway Investment Advisers LLC now owns 7,763 shares of the company’s stock worth $646,000 after buying an additional 695 shares during the period. Code Waechter LLC purchased a new position in Polaris during the third quarter worth about $216,000. Wynn Capital LLC boosted its stake in Polaris by 7.7% during the third quarter. Wynn Capital LLC now owns 7,804 shares of the company’s stock worth $650,000 after buying an additional 558 shares during the period. Finally, CWM LLC boosted its stake in Polaris by 67.7% during the third quarter. CWM LLC now owns 3,397 shares of the company’s stock worth $283,000 after buying an additional 1,371 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.