Polaris (NYSE:PII) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Polaris (NYSE:PII) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also issued reports on PII. Robert W. Baird dropped their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. Royal Bank of Canada dropped their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. DA Davidson reduced their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday. Finally, Truist Financial reduced their price objective on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $84.00.

Polaris Stock Down 4.4 %

PII stock opened at $55.54 on Wednesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 6.59 and a beta of 1.53. The company has a 50-day moving average of $63.96 and a two-hundred day moving average of $74.64. Polaris has a 52-week low of $55.19 and a 52-week high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

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

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 73.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB grew its holdings in shares of Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after purchasing an additional 183 shares during the last quarter. GAMMA Investing LLC grew its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after buying an additional 677 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Polaris by 12.2% during the third quarter. Franklin Resources Inc. now owns 169,004 shares of the company’s stock worth $13,745,000 after buying an additional 18,418 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Polaris during the third quarter worth approximately $535,000. Finally, Toronto Dominion Bank raised its stake in shares of Polaris by 2.9% in the third quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock valued at $1,372,000 after acquiring an additional 465 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

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.