Polaris Inc. (NYSE:PII) Receives $104.73 Average Target Price from Analysts

Polaris Inc. (NYSE:PII) has received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $100.27.

Several equities analysts have commented on PII shares. Bank of America started coverage on Polaris in a report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target on the stock. BMO Capital Markets lowered their price objective on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. KeyCorp lowered their price objective on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Citigroup lowered their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada lowered 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 note on Wednesday.

Polaris Trading Down 2.2 %

Shares of PII stock opened at $83.36 on Tuesday. Polaris has a 12 month low of $82.00 and a 12 month high of $138.49. The company has a quick ratio of 0.46, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average is $92.75 and its two-hundred day moving average is $91.57. The company has a market cap of $4.71 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.35 and a beta of 1.60.

Polaris (NYSE:PII) last announced 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. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. Equities analysts predict that Polaris will post 7.97 EPS for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.66 per share. The ex-dividend date was Thursday, February 29th. This is a boost from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.17%. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PII. Creekmur Asset Management LLC bought a new position in shares of Polaris during the fourth quarter valued at $27,000. BKM Wealth Management LLC acquired a new stake in Polaris in the 4th quarter valued at about $31,000. Verity & Verity LLC bought a new position in shares of Polaris in the first quarter worth about $37,000. First United Bank & Trust acquired a new position in shares of Polaris during the fourth quarter worth approximately $40,000. Finally, Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 338 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

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.