Brokerages Set Polaris Inc. (NYSE:PII) PT at $87.09

Polaris Inc. (NYSE:PII) has been assigned an average rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $87.09.

A number of equities analysts have commented on PII shares. BMO Capital Markets cut their price objective on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Roth Mkm dropped their target price on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Citigroup dropped their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company 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. Finally, StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd.

Polaris Stock Performance

NYSE:PII opened at $68.63 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 7.20 and a beta of 1.52. The firm’s fifty day simple moving average is $78.60 and its 200 day simple moving average is $80.29. Polaris has a twelve month low of $68.45 and a twelve month high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. As a group, equities research analysts expect that Polaris will post 3.22 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, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Institutional Trading of Polaris

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Polaris by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after acquiring an additional 94,680 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Polaris by 0.7% in the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after acquiring an additional 6,724 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after acquiring an additional 96,194 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after acquiring an additional 292,992 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Polaris by 11.1% in the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock valued at $28,116,000 after acquiring an additional 35,952 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

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.