Brokerages Set Polaris Inc. (NYSE:PII) Price Target at $51.00

Shares of Polaris Inc. (NYSE:PII) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $51.00.

A number of equities research analysts have weighed in on PII shares. Royal Bank Of Canada lifted their price target on shares of Polaris from $34.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Roth Capital lifted their price target on shares of Polaris from $41.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. UBS Group lifted their price objective on Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Finally, Robert W. Baird lifted their price objective on Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 6th.

Polaris Trading Up 0.6%

Shares of Polaris stock opened at $71.29 on Friday. Polaris has a 1 year low of $30.92 and a 1 year high of $74.75. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The company’s fifty day simple moving average is $60.36 and its 200-day simple moving average is $48.82. The company has a market cap of $4.01 billion, a price-to-earnings ratio of -37.92, a PEG ratio of 64.39 and a beta of 1.08.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.35. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Polaris will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.8%. Polaris’s dividend payout ratio (DPR) is presently -142.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Polaris by 31.3% during the third quarter. Farther Finance Advisors LLC now owns 998 shares of the company’s stock valued at $58,000 after acquiring an additional 238 shares during the period. Wynn Capital LLC lifted its position in Polaris by 3.2% during the 3rd quarter. Wynn Capital LLC now owns 7,703 shares of the company’s stock worth $448,000 after buying an additional 240 shares in the last quarter. State of Michigan Retirement System lifted its position in Polaris by 2.4% during the 2nd quarter. State of Michigan Retirement System now owns 12,679 shares of the company’s stock worth $515,000 after buying an additional 300 shares in the last quarter. Koss Olinger Consulting LLC lifted its position in Polaris by 0.8% during the 2nd quarter. Koss Olinger Consulting LLC now owns 40,667 shares of the company’s stock worth $1,653,000 after buying an additional 304 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Polaris by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,064 shares of the company’s stock worth $328,000 after buying an additional 318 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

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.