Polaris Inc. (NYSE:PII – Get Free Report) has received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $100.27.
Several equities analysts have commented on PII shares. Bank of America started coverage on Polaris in a report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target on the stock. BMO Capital Markets lowered their price objective on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. KeyCorp lowered their price objective on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Citigroup lowered their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada lowered their price objective on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research note on Wednesday.
Get Our Latest Research Report on PII
Polaris Trading Down 2.2 %
Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. Equities analysts predict that Polaris will post 7.97 EPS for the current year.
Polaris Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.66 per share. The ex-dividend date was Thursday, February 29th. This is a boost from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.17%. Polaris’s dividend payout ratio (DPR) is presently 38.71%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PII. Creekmur Asset Management LLC bought a new position in shares of Polaris during the fourth quarter valued at $27,000. BKM Wealth Management LLC acquired a new stake in Polaris in the 4th quarter valued at about $31,000. Verity & Verity LLC bought a new position in shares of Polaris in the first quarter worth about $37,000. First United Bank & Trust acquired a new position in shares of Polaris during the fourth quarter worth approximately $40,000. Finally, Larson Financial Group LLC grew its stake in shares of Polaris by 536.5% during the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares during 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.
Featured Articles
- Five stocks we like better than Polaris
- Dividend Capture Strategy: What You Need to Know
- Hasbro’s Management Made All the Right Calls This Quarter
- How to buy stock: A step-by-step guide for beginners
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Transportation Stocks Investing
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Polaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris and related companies with MarketBeat.com's FREE daily email newsletter.