Robert W. Baird Cuts Polaris (NYSE:PII) Price Target to $56.00

Polaris (NYSE:PII) had its price objective trimmed by Robert W. Baird from $64.00 to $56.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup decreased their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Truist Financial decreased their price target on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Roth Mkm dropped their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. DA Davidson reduced their target price on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their price target on Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.50.

Polaris Trading Down 0.1 %

Shares of PII opened at $42.56 on Monday. Polaris has a fifty-two week low of $39.79 and a fifty-two week high of $100.91. The company has a market capitalization of $2.39 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. The stock has a fifty day moving average of $47.77 and a two-hundred day moving average of $63.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

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

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.67 per share. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend was Monday, March 3rd. Polaris’s payout ratio is presently 136.73%.

Hedge Funds Weigh In On Polaris

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new position in Polaris during the 4th quarter worth $29,000. Lindbrook Capital LLC increased its position in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares during the last quarter. Quarry LP raised its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares in 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.