Polaris Inc. (NYSE:PII) Given Consensus Recommendation of “Hold” by Analysts

Polaris Inc. (NYSE:PII) has been given an average rating of “Hold” by the eleven research firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $89.18.

Several equities research analysts have issued reports on the stock. Bank of America decreased their price target on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada decreased their target price on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 24th. Longbow Research reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. BMO Capital Markets decreased their target price on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Finally, Roth Mkm decreased their target price on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th.

Hedge Funds Weigh In On Polaris

A number of hedge funds have recently added to or reduced their stakes in PII. SG Americas Securities LLC acquired a new position in Polaris in the fourth quarter worth $209,000. Ritholtz Wealth Management boosted its holdings in Polaris by 8.9% in the fourth quarter. Ritholtz Wealth Management now owns 2,359 shares of the company’s stock worth $224,000 after purchasing an additional 192 shares during the period. Blue Trust Inc. boosted its holdings in shares of Polaris by 1,286.0% during the fourth quarter. Blue Trust Inc. now owns 693 shares of the company’s stock valued at $72,000 after acquiring an additional 643 shares during the period. Oak Thistle LLC boosted its holdings in shares of Polaris by 56.5% during the fourth quarter. Oak Thistle LLC now owns 8,461 shares of the company’s stock valued at $802,000 after acquiring an additional 3,053 shares during the period. Finally, Camelot Portfolios LLC boosted its holdings in shares of Polaris by 35.0% during the fourth quarter. Camelot Portfolios LLC now owns 9,811 shares of the company’s stock valued at $930,000 after acquiring an additional 2,544 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of PII opened at $79.80 on Thursday. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The company has a 50-day simple moving average of $79.19 and a 200-day simple moving average of $86.44. Polaris has a 52-week low of $71.90 and a 52-week high of $130.78. The company has a market capitalization of $4.51 billion, a PE ratio of 11.70, a P/E/G ratio of 7.01 and a beta of 1.53.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the business posted $2.42 earnings per share. The business’s revenue was down 11.5% compared to the same quarter last year. Equities research analysts predict that Polaris will post 3.79 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.66 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.31%. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

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.