Polaris Inc. (NYSE:PII) Given Average Rating of “Hold” by Brokerages

Shares of Polaris Inc. (NYSE:PII) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $87.09.

Several brokerages have commented on PII. Robert W. Baird dropped their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Citigroup decreased their target price on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. DA Davidson decreased their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Bank of America decreased their target price on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PII. Allspring Global Investments Holdings LLC lifted its holdings in Polaris by 14.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after buying an additional 169 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Polaris by 53.0% during the 1st quarter. Private Advisor Group LLC now owns 4,166 shares of the company’s stock worth $417,000 after buying an additional 1,444 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Polaris by 28.5% during the 1st quarter. BNP Paribas Financial Markets now owns 21,142 shares of the company’s stock worth $2,117,000 after buying an additional 4,688 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in Polaris by 0.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 46,089 shares of the company’s stock worth $4,614,000 after buying an additional 231 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Polaris by 29.9% during the 1st quarter. LSV Asset Management now owns 340,050 shares of the company’s stock worth $34,046,000 after buying an additional 78,178 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of NYSE:PII opened at $66.84 on Friday. The firm has a market capitalization of $3.73 billion, a PE ratio of 18.67, a P/E/G ratio of 7.05 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The business has a 50-day moving average of $77.45 and a two-hundred day moving average of $79.85. Polaris has a 12 month low of $66.06 and a 12 month high of $100.91.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue was down 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.71 earnings per share. As a group, research analysts forecast that Polaris will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

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.