Robert W. Baird Cuts Polaris (NYSE:PII) Price Target to $72.00

Polaris (NYSE:PII) had its target price trimmed by Robert W. Baird from $84.00 to $72.00 in a research report report published on Monday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

PII has been the topic of a number of other research reports. KeyCorp decreased their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson decreased their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada decreased their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.00.

Polaris Stock Up 0.8 %

Shares of PII stock opened at $57.62 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. Polaris has a twelve month low of $55.55 and a twelve month high of $100.91. The stock has a 50 day moving average of $65.48 and a 200 day moving average of $75.37. The stock has a market cap of $3.21 billion, a P/E ratio of 16.10, a P/E/G ratio of 6.59 and a beta of 1.51.

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

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently made changes to their positions in PII. Franklin Resources Inc. grew its holdings in Polaris by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 169,004 shares of the company’s stock valued at $13,745,000 after buying an additional 18,418 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Polaris in the third quarter valued at about $535,000. Toronto Dominion Bank increased its position in Polaris by 2.9% during the third quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock worth $1,372,000 after purchasing an additional 465 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Polaris during the third quarter worth about $516,000. Finally, M&T Bank Corp boosted its holdings in Polaris by 10.9% in the 3rd quarter. M&T Bank Corp now owns 3,141 shares of the company’s stock valued at $261,000 after purchasing an additional 309 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.