Polaris Inc. (NYSE:PII) Receives $58.50 Consensus PT from Analysts

Polaris Inc. (NYSE:PII) has earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $52.91.

A number of equities research analysts recently commented on PII shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 price objective on shares of Polaris in a report on Monday, March 17th. Roth Mkm decreased their price target on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Citigroup downgraded Polaris from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. BMO Capital Markets decreased their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Finally, DA Davidson dropped their price target on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th.

Hedge Funds Weigh In On Polaris

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI increased its position in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares during the period. Nordea Investment Management AB boosted its position in shares of Polaris by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after acquiring an additional 183 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Polaris by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock valued at $1,295,000 after acquiring an additional 241 shares in the last quarter. Quarry LP increased its position in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock worth $208,000 after purchasing an additional 263 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

Shares of NYSE:PII opened at $34.19 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris has a 1-year low of $30.92 and a 1-year high of $92.35. The stock has a market capitalization of $1.92 billion, a P/E ratio of 17.44, a P/E/G ratio of 13.95 and a beta of 1.32. The business has a 50-day moving average price of $42.35 and a two-hundred day moving average price of $57.61.

Polaris (NYSE:PII) last posted its quarterly 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%. Equities analysts predict that Polaris will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.67 dividend. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 7.84%. Polaris’s payout ratio is presently 136.73%.

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.