Robert W. Baird Lowers Polaris (NYSE:PII) Price Target to $56.00

Polaris (NYSE:PII) had its price target decreased by Robert W. Baird from $64.00 to $56.00 in a research note released on Monday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Citigroup cut their price objective on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. DA Davidson cut their target price on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley reiterated an “equal weight” rating and set a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Royal Bank of Canada lowered their price target on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial cut their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average price target of $61.50.

Polaris Price Performance

PII opened at $42.56 on Monday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $47.77 and its 200 day moving average price is $63.22. Polaris has a fifty-two week low of $39.79 and a fifty-two week high of $100.91. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, sell-side analysts expect that Polaris will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.67 dividend. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date was Monday, March 3rd. Polaris’s payout ratio is presently 136.73%.

Institutional Trading of Polaris

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of Polaris in the 4th quarter worth $29,000. Larson Financial Group LLC raised its position in shares of Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after purchasing an additional 677 shares during the period. 88.06% of the stock is currently 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.