Polaris (NYSE:PII) Reaches New 12-Month Low – Should You Sell?

Polaris Inc. (NYSE:PII) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $42.98 and last traded at $42.98, with a volume of 125642 shares. The stock had previously closed at $44.39.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Truist Financial reduced their target price on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Citigroup dropped their price target on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird reduced their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. Finally, StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $66.17.

Polaris Stock Down 1.4 %

The business has a 50 day simple moving average of $55.71 and a 200 day simple moving average of $69.97. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 13.80 and a beta of 1.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, equities analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is presently 134.69%.

Institutional Investors Weigh In On Polaris

A number of large investors have recently modified their holdings of PII. National Bank of Canada FI lifted its stake in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after purchasing an additional 183 shares during the last quarter. Nordea Investment Management AB raised its holdings in Polaris by 0.6% during the fourth 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 in the last quarter. Quarry LP lifted its position in shares of Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the last quarter. Claro Advisors LLC boosted its holdings in shares of Polaris by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after buying an additional 254 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock valued at $208,000 after buying an additional 263 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other 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.