Polaris (NYSE:PII) PT Lowered to $100.00 at Robert W. Baird

Polaris (NYSE:PII) had its price objective lowered by Robert W. Baird from $110.00 to $100.00 in a report released on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on PII. DA Davidson restated a neutral rating and set a $80.00 target price on shares of Polaris in a report on Tuesday, March 5th. Truist Financial decreased their price objective on shares of Polaris from $100.00 to $96.00 and set a hold rating for the company in a research note on Wednesday, January 31st. Longbow Research raised shares of Polaris from a neutral rating to a buy rating and set a $120.00 price objective for the company in a research note on Monday, April 8th. Royal Bank of Canada raised their price objective on shares of Polaris from $100.00 to $103.00 and gave the stock a sector perform rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets decreased their price objective on shares of Polaris from $100.00 to $95.00 and set a market perform rating for the company in a research note on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Polaris presently has an average rating of Hold and an average price target of $100.27.

Polaris Trading Up 0.6 %

Shares of NYSE:PII opened at $83.79 on Wednesday. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 2.50 and a beta of 1.60. Polaris has a 1-year low of $82.00 and a 1-year high of $138.49. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.46 and a current ratio of 1.47. The company has a 50 day moving average price of $92.56 and a 200 day moving average price of $91.51.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. On average, research analysts anticipate that Polaris will post 7.93 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.66 dividend. This is an increase from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.64 dividend on an annualized basis and a yield of 3.15%. Polaris’s dividend payout ratio is presently 38.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Polaris by 12.7% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 8,715 shares of the company’s stock valued at $873,000 after purchasing an additional 983 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Polaris by 2.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,172 shares of the company’s stock valued at $1,419,000 after purchasing an additional 381 shares in the last quarter. Zhang Financial LLC bought a new position in shares of Polaris during the 1st quarter valued at $200,000. Verity & Verity LLC bought a new position in shares of Polaris during the 1st quarter valued at $37,000. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Polaris by 2.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company’s stock valued at $1,532,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

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.