Polaris Inc. (NYSE:PII) Given Consensus Rating of “Hold” by Brokerages

Polaris Inc. (NYSE:PII) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $45.36.

A number of research firms have recently issued reports on PII. BMO Capital Markets dropped their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada cut their target price on Polaris from $54.00 to $34.00 and set a “sector perform” rating for the company in a research note on Wednesday. Baird R W downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research report on Wednesday.

Polaris Stock Performance

Shares of Polaris stock opened at $34.81 on Friday. The firm’s fifty day simple moving average is $38.88 and its 200-day simple moving average is $52.82. Polaris has a 12 month low of $30.92 and a 12 month high of $90.62. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 13.95 and a beta of 1.32. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted $0.23 earnings per share. Polaris’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, equities analysts forecast that Polaris will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris’s dividend payout ratio (DPR) is presently 372.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew its holdings in Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Polaris during the fourth quarter valued at $29,000. Lindbrook Capital LLC increased its position in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares in the last quarter. UMB Bank n.a. raised its stake in Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company’s stock valued at $33,000 after purchasing an additional 429 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Polaris in the 1st quarter valued at about $35,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.