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

Shares of Polaris Inc. (NYSE:PII) have earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $55.25.

A number of equities analysts recently weighed in on the company. Roth Capital raised their price objective on Polaris from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Polaris in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Robert W. Baird upped their price objective on shares of Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada lifted their target price on shares of Polaris from $56.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th.

Insiders Place Their Bets

In related news, SVP James P. Williams sold 4,554 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $67.53, for a total transaction of $307,531.62. Following the transaction, the senior vice president directly owned 43,878 shares in the company, valued at $2,963,081.34. This trade represents a 9.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its holdings in Polaris by 15.7% during the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock valued at $127,554,000 after buying an additional 426,482 shares during the last quarter. RWWM Inc. increased its position in shares of Polaris by 0.3% in the second quarter. RWWM Inc. now owns 2,401,477 shares of the company’s stock valued at $97,620,000 after acquiring an additional 6,428 shares during the period. AQR Capital Management LLC increased its position in shares of Polaris by 30.1% in the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock valued at $132,600,000 after acquiring an additional 528,300 shares during the period. American Century Companies Inc. raised its stake in shares of Polaris by 24.2% during the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock valued at $84,328,000 after acquiring an additional 282,570 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Polaris by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,344,231 shares of the company’s stock worth $78,145,000 after purchasing an additional 7,054 shares during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE:PII opened at $69.24 on Thursday. The company’s fifty day moving average price is $66.10 and its 200-day moving average price is $59.27. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 0.36. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of -26.13, a PEG ratio of 2.49 and a beta of 1.14. Polaris has a one year low of $30.92 and a one year high of $75.25.

Polaris (NYSE:PII) last announced its earnings results on Monday, October 27th. The company reported $0.41 earnings per share (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 company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.67 dividend. The ex-dividend date was Monday, December 1st. This represents a $2.68 annualized dividend and a dividend yield of 3.9%. Polaris’s payout ratio is currently -101.13%.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.