Polaris Inc. (NYSE:PII) Receives $66.17 Consensus PT from Analysts

Polaris Inc. (NYSE:PII) has been given an average recommendation of “Hold” by the twelve analysts that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $66.17.

Several equities analysts have commented on PII shares. Royal Bank of Canada dropped their price target on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird dropped their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. KeyCorp lowered shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. BMO Capital Markets dropped their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Finally, DA Davidson dropped their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th.

Institutional Investors Weigh In On Polaris

Several hedge funds have recently modified their holdings of PII. CWM LLC lifted its holdings in shares of Polaris by 67.7% during the third quarter. CWM LLC now owns 3,397 shares of the company’s stock worth $283,000 after purchasing an additional 1,371 shares during the period. Creative Planning lifted its holdings in Polaris by 11.7% in the third quarter. Creative Planning now owns 68,811 shares of the company’s stock valued at $5,728,000 after acquiring an additional 7,198 shares during the period. Blue Trust Inc. lifted its holdings in Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares during the period. Calton & Associates Inc. acquired a new stake in Polaris in the third quarter valued at $366,000. Finally, International Assets Investment Management LLC lifted its holdings in Polaris by 1,309.5% in the third quarter. International Assets Investment Management LLC now owns 14,151 shares of the company’s stock valued at $1,178,000 after acquiring an additional 13,147 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Up 1.5 %

PII stock opened at $46.56 on Monday. The company’s 50 day moving average price is $52.62 and its 200 day moving average price is $68.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris has a fifty-two week low of $42.85 and a fifty-two week high of $100.91. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 14.11 and a beta of 1.50.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, equities research analysts anticipate that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 5.76%. Polaris’s dividend payout ratio (DPR) is currently 134.69%.

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.