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

Polaris Inc. (NYSE:PII) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.25.

Several research firms recently commented on PII. Robert W. Baird upped their target price on Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. UBS Group increased their price objective on shares of Polaris from $45.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Loop Capital began coverage on shares of Polaris in a report on Thursday, November 13th. They issued a “hold” rating and a $59.00 target price for the company. Finally, Citigroup increased their price target on shares of Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th.

Institutional Investors Weigh In On Polaris

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in Polaris during the third quarter worth approximately $26,000. Parkside Financial Bank & Trust increased its holdings in Polaris by 371.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock valued at $28,000 after purchasing an additional 546 shares in the last quarter. EMC Capital Management purchased a new position in Polaris in the second quarter valued at about $36,000. Quent Capital LLC acquired a new position in shares of Polaris during the third quarter worth about $37,000. Finally, Huntington National Bank boosted its position in shares of Polaris by 218.0% in the second quarter. Huntington National Bank now owns 1,062 shares of the company’s stock worth $43,000 after buying an additional 728 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Performance

Shares of PII opened at $62.72 on Wednesday. Polaris has a 1 year low of $30.92 and a 1 year high of $75.25. The company’s 50 day simple moving average is $63.02 and its 200 day simple moving average is $52.48. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of -23.67 and a beta of 1.09. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.37 and a current ratio of 1.02.

Polaris (NYSE:PII) last released its earnings results on Monday, October 27th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company earned $0.73 EPS. Polaris’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Polaris will post 1.11 EPS for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, December 1st. Polaris’s dividend payout ratio (DPR) is -101.13%.

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.