Polaris Inc. (NYSE:PII) Receives Average Recommendation of “Hold” from Analysts

Shares of Polaris Inc. (NYSE:PII) have been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $98.45.

Several brokerages recently issued reports on PII. Robert W. Baird decreased their price target on shares of Polaris from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, July 3rd. DA Davidson cut their price objective on shares of Polaris from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Royal Bank of Canada cut their price objective on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Truist Financial cut their price objective on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Finally, Citigroup cut their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th.

Polaris Stock Up 2.8 %

Shares of Polaris stock opened at $81.53 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The company has a 50-day moving average of $80.21 and a 200 day moving average of $87.56. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 2.93 and a beta of 1.53. Polaris has a 1 year low of $73.26 and a 1 year high of $138.49.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.17. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. Polaris’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. As a group, sell-side analysts anticipate that Polaris will post 7.69 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Monday, June 3rd. Polaris’s payout ratio is 38.71%.

Institutional Investors Weigh In On Polaris

Several institutional investors and hedge funds have recently modified their holdings of PII. Capital World Investors grew its holdings in shares of Polaris by 2.4% in the fourth quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock valued at $640,447,000 after purchasing an additional 160,918 shares in the last quarter. Vanguard Group Inc. boosted its stake in Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after buying an additional 94,680 shares during the period. Confluence Investment Management LLC purchased a new position in Polaris during the first quarter worth $108,890,000. Dimensional Fund Advisors LP boosted its stake in Polaris by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock worth $80,663,000 after buying an additional 82,779 shares during the period. Finally, Raymond James & Associates boosted its stake in Polaris by 6.8% during the first quarter. Raymond James & Associates now owns 405,105 shares of the company’s stock worth $40,559,000 after buying an additional 25,685 shares during the period. Institutional investors own 88.06% of the company’s stock.

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.