Polaris Inc. (NYSE:PII) Receives Average Rating of “Hold” from Brokerages

Shares of Polaris Inc. (NYSE:PII) have received an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $55.25.

A number of analysts have commented on PII shares. Royal Bank Of Canada raised their price objective on Polaris from $56.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th. Citigroup lifted their price target on shares of Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Roth Capital increased their price objective on shares of Polaris from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Seaport Res Ptn upgraded shares of Polaris to a “strong-buy” rating in a research report on Thursday, January 8th. Finally, Loop Capital began coverage on shares of Polaris in a research note on Thursday, November 13th. They issued a “hold” rating and a $59.00 target price on the stock.

Insider Activity at Polaris

In related news, SVP James P. Williams sold 4,554 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $67.53, for a total value of $307,531.62. Following the sale, the senior vice president owned 43,878 shares of the company’s stock, valued at $2,963,081.34. The trade was a 9.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Polaris in the 3rd quarter valued at $26,000. Parkside Financial Bank & Trust lifted its holdings in Polaris by 371.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock valued at $28,000 after purchasing an additional 546 shares during the last quarter. EMC Capital Management acquired a new position in Polaris in the second quarter valued at about $36,000. Quent Capital LLC bought a new stake in Polaris during the third quarter worth about $37,000. Finally, Huntington National Bank grew its stake in Polaris by 218.0% during the second quarter. Huntington National Bank now owns 1,062 shares of the company’s stock worth $43,000 after buying an additional 728 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Price Performance

Shares of Polaris stock opened at $70.54 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 0.36. The company has a market cap of $3.97 billion, a PE ratio of -26.62, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The firm has a fifty day moving average price of $66.67 and a two-hundred day moving average price of $60.37. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $75.25.

Polaris (NYSE:PII) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. 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, December 15th. Stockholders of record on Monday, December 1st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, December 1st. Polaris’s dividend payout ratio is currently -101.13%.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.