Robert W. Baird Trims Polaris (NYSE:PII) Target Price to $100.00

Polaris (NYSE:PII) had its price target trimmed by Robert W. Baird from $110.00 to $100.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Longbow Research raised shares of Polaris from a neutral rating to a buy rating and set a $120.00 price objective for the company in a research report on Monday, April 8th. DA Davidson reissued a neutral rating and issued a $80.00 price objective on shares of Polaris in a research report on Tuesday, March 5th. KeyCorp lowered their price objective on shares of Polaris from $115.00 to $105.00 and set an overweight rating for the company in a research report on Friday, January 12th. Morgan Stanley raised shares of Polaris from an equal weight rating to an overweight rating and boosted their price objective for the company from $103.00 to $113.00 in a research report on Wednesday, January 17th. Finally, BMO Capital Markets lowered their price objective on shares of Polaris from $100.00 to $95.00 and set a market perform rating for the company in a research report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris currently has a consensus rating of Hold and an average price target of $100.27.

Polaris Stock Performance

Shares of NYSE:PII opened at $85.21 on Wednesday. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.35 and a beta of 1.60. Polaris has a 12 month low of $82.00 and a 12 month high of $138.49. The firm’s 50-day moving average is $92.86 and its 200 day moving average is $91.61. The company has a current ratio of 1.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.46.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.06 by $0.17. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. Research analysts predict that Polaris will post 7.97 EPS for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Thursday, February 29th. This is a boost from Polaris’s previous quarterly dividend of $0.65. Polaris’s dividend payout ratio is presently 38.71%.

Institutional Investors Weigh In On Polaris

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new stake in Polaris during the fourth quarter valued at approximately $27,000. BKM Wealth Management LLC purchased a new stake in Polaris during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC lifted its position in Polaris by 536.5% during the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after acquiring an additional 338 shares during the last quarter. First United Bank & Trust purchased a new stake in Polaris during the fourth quarter valued at approximately $40,000. Finally, Orion Capital Management LLC purchased a new stake in Polaris during the third quarter valued at approximately $46,000. Hedge funds and other institutional investors 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.