Polaris (NYSE:PII) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Polaris (NYSE:PII) from a hold rating to a sell rating in a report issued on Tuesday.

A number of other equities analysts have also recently issued reports on PII. Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. DA Davidson cut their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. KeyCorp lowered their price objective on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Robert W. Baird decreased their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Price Performance

NYSE:PII opened at $64.65 on Tuesday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 6.65 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The business has a 50 day simple moving average of $71.47 and a 200-day simple moving average of $77.50. Polaris has a 1 year low of $63.23 and a 1 year high of $100.91.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company’s revenue was down 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.71 EPS. Equities analysts forecast that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Institutional Investors Weigh In On Polaris

Institutional investors have recently bought and sold shares of the company. Kiltearn Partners LLP increased its position in shares of Polaris by 147.9% during the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after purchasing an additional 92,300 shares in the last quarter. Quantinno Capital Management LP grew its stake in Polaris by 545.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock worth $2,231,000 after buying an additional 22,648 shares during the last quarter. Victory Capital Management Inc. increased its position in Polaris by 167.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock valued at $3,643,000 after buying an additional 27,375 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Polaris by 8,867.5% in the third quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock valued at $5,322,000 after buying an additional 63,225 shares during the last quarter. Finally, FMR LLC boosted its holdings in Polaris by 22.0% in the third quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after acquiring an additional 24,103 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Company Profile

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.