Polaris (NYSE:PII) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Polaris (NYSE:PII) from a sell rating to a hold rating in a research note released on Monday.

Several other brokerages have also issued reports on PII. Royal Bank of Canada cut their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp cut their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. DA Davidson decreased their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Robert W. Baird cut their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.00.

Polaris Trading Down 0.5 %

Shares of NYSE PII opened at $57.16 on Monday. Polaris has a twelve month low of $55.55 and a twelve month high of $100.91. The firm has a market cap of $3.19 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 6.59 and a beta of 1.51. The business has a fifty day simple moving average of $66.47 and a two-hundred day simple moving average of $75.78. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm earned $2.71 earnings per share. The business’s revenue was down 23.4% compared to the same quarter last year. Analysts expect that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Monday, December 2nd. Polaris’s payout ratio is currently 73.74%.

Institutional Trading of Polaris

A number of institutional investors have recently bought and sold shares of PII. Kiltearn Partners LLP raised its holdings in shares of Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after buying an additional 92,300 shares during the last quarter. FMR LLC increased its position in shares of Polaris by 22.0% in the 3rd quarter. FMR LLC now owns 133,665 shares of the company’s stock valued at $11,126,000 after acquiring an additional 24,103 shares during the period. Quantinno Capital Management LP raised its stake in Polaris by 545.1% in the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock worth $2,231,000 after acquiring an additional 22,648 shares during the last quarter. Victory Capital Management Inc. lifted its position in Polaris by 167.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after acquiring an additional 27,375 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in Polaris by 8,867.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock valued at $5,322,000 after purchasing an additional 63,225 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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.