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

Polaris Inc. (NYSE:PIIGet Rating) has received an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $140.38.

Several analysts recently commented on PII shares. Citigroup dropped their target price on Polaris from $157.00 to $145.00 in a report on Thursday. Raymond James raised their target price on Polaris from $148.00 to $149.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 26th. StockNews.com started coverage on Polaris in a report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial lowered their price target on Polaris from $125.00 to $120.00 in a research report on Wednesday, January 26th. Finally, Royal Bank of Canada lowered their price target on Polaris from $132.00 to $117.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 26th.

Shares of PII stock traded up $1.19 during mid-day trading on Monday, reaching $105.74. The stock had a trading volume of 775,604 shares, compared to its average volume of 793,659. The business’s fifty day moving average is $113.22 and its 200-day moving average is $115.56. The company has a current ratio of 1.15, a quick ratio of 0.41 and a debt-to-equity ratio of 1.02. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 13.44 and a beta of 1.63. Polaris has a 1-year low of $99.68 and a 1-year high of $147.73.

Polaris (NYSE:PIIGet Rating) last posted its earnings results on Tuesday, January 25th. The company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.04 by $0.12. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. Polaris had a return on equity of 49.54% and a net margin of 6.02%. Polaris’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $3.34 earnings per share. On average, analysts forecast that Polaris will post 10.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, February 28th. This is an increase from Polaris’s previous quarterly dividend of $0.63. Polaris’s dividend payout ratio (DPR) is 32.53%.

In other news, SVP Dougherty Lucy Clark sold 4,257 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $125.00, for a total value of $532,125.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Several large investors have recently bought and sold shares of PII. Fifth Third Bancorp increased its stake in Polaris by 1.9% during the third quarter. Fifth Third Bancorp now owns 4,183 shares of the company’s stock worth $501,000 after acquiring an additional 77 shares during the last quarter. Callahan Advisors LLC increased its stake in Polaris by 0.4% during the fourth quarter. Callahan Advisors LLC now owns 20,638 shares of the company’s stock worth $2,268,000 after acquiring an additional 86 shares during the last quarter. Mariner LLC increased its stake in Polaris by 0.3% during the third quarter. Mariner LLC now owns 30,576 shares of the company’s stock worth $3,659,000 after acquiring an additional 90 shares during the last quarter. Park Avenue Securities LLC increased its stake in Polaris by 2.3% during the third quarter. Park Avenue Securities LLC now owns 4,026 shares of the company’s stock worth $482,000 after acquiring an additional 92 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in Polaris by 1.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 6,068 shares of the company’s stock worth $667,000 after acquiring an additional 94 shares during the last quarter. 85.77% of the stock is owned by hedge funds and other institutional investors.

About Polaris (Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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Analyst Recommendations for Polaris (NYSE:PII)

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