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

Polaris Inc. (NYSE:PII) has been assigned a consensus rating of “Hold” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $46.00.

Several equities research analysts have recently weighed in on the company. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Tuesday, April 22nd. Baird R W cut Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Robert W. Baird increased their price objective on Polaris from $38.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Royal Bank Of Canada reduced their price objective on Polaris from $54.00 to $34.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup reissued a “sell” rating and issued a $27.00 price objective (up from $23.00) on shares of Polaris in a research report on Monday, June 16th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Capital World Investors raised its stake in Polaris by 6.7% during the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock worth $354,725,000 after acquiring an additional 388,050 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Polaris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after buying an additional 39,858 shares in the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Polaris by 2.6% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after buying an additional 69,766 shares in the last quarter. RWWM Inc. increased its stake in shares of Polaris by 169.2% in the first quarter. RWWM Inc. now owns 2,395,049 shares of the company’s stock valued at $98,053,000 after buying an additional 1,505,351 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Polaris by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company’s stock valued at $131,609,000 after buying an additional 21,087 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Down 0.9%

Shares of Polaris stock opened at $46.85 on Thursday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 65.07 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 1.32. The stock has a 50 day moving average price of $41.57 and a two-hundred day moving average price of $43.23. Polaris has a 12-month low of $30.92 and a 12-month high of $88.00.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating the consensus estimate of ($0.91) by $0.01. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business earned $0.23 earnings per share. Polaris’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities analysts expect that Polaris will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 5.72%. Polaris’s dividend payout ratio (DPR) is currently 372.22%.

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.