Polaris Inc. (NYSE:PII) Receives $149.07 Consensus PT from Analysts

Polaris Inc. (NYSE:PII) has been given an average recommendation of “Buy” by the seventeen ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $149.07.

A number of analysts recently issued reports on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded Polaris from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Monday, April 26th. BMO Capital Markets upped their price target on shares of Polaris from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 28th. Truist boosted their target price on Polaris from $125.00 to $150.00 in a research report on Wednesday, April 28th. Lake Street Capital upped their target price on Polaris from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, April 28th. Finally, Truist Securities raised their price target on Polaris from $125.00 to $150.00 in a research note on Wednesday, April 28th.

In other news, insider Michael D. Dougherty sold 16,109 shares of Polaris stock in a transaction on Monday, March 15th. The stock was sold at an average price of $140.00, for a total value of $2,255,260.00. Following the transaction, the insider now directly owns 35,557 shares in the company, valued at approximately $4,977,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James P. Williams sold 30,000 shares of the business’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $138.84, for a total value of $4,165,200.00. Following the completion of the transaction, the senior vice president now directly owns 48,185 shares of the company’s stock, valued at $6,690,005.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,157 shares of company stock valued at $7,547,180. 2.70% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in PII. Tompkins Financial Corp boosted its holdings in shares of Polaris by 28,471.4% in the 1st quarter. Tompkins Financial Corp now owns 2,000 shares of the company’s stock valued at $267,000 after buying an additional 1,993 shares in the last quarter. Schroder Investment Management Group boosted its stake in Polaris by 26.9% in the first quarter. Schroder Investment Management Group now owns 23,976 shares of the company’s stock valued at $3,201,000 after acquiring an additional 5,080 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in Polaris in the first quarter worth $315,000. Kingsview Wealth Management LLC acquired a new position in shares of Polaris during the first quarter worth $1,905,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Polaris by 17.9% during the 1st quarter. Principal Financial Group Inc. now owns 203,015 shares of the company’s stock valued at $27,102,000 after purchasing an additional 30,883 shares during the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.

Polaris stock opened at $127.34 on Tuesday. The business has a 50-day simple moving average of $136.31. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.43 and a current ratio of 1.15. The company has a market cap of $7.80 billion, a P/E ratio of 31.06 and a beta of 2.01. Polaris has a twelve month low of $86.67 and a twelve month high of $147.73.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 27th. The company reported $2.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.74. Polaris had a return on equity of 63.13% and a net margin of 3.49%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. As a group, sell-side analysts forecast that Polaris will post 9.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be issued a $0.63 dividend. The ex-dividend date is Monday, May 31st. This represents a $2.52 annualized dividend and a dividend yield of 1.98%. Polaris’s payout ratio is currently 32.56%.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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Analyst Recommendations for Polaris (NYSE:PII)

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