Polaris Inc. (NYSE:PII) Receives $58.50 Average Target Price from Analysts

Polaris Inc. (NYSE:PII) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $52.91.

PII has been the subject of a number of analyst reports. UBS Group reduced their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $54.00 price target on shares of Polaris in a research report on Monday, March 17th. DA Davidson cut their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Truist Financial lowered their price target on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th.

Polaris Trading Up 2.4 %

NYSE:PII opened at $34.19 on Tuesday. The company has a market capitalization of $1.92 billion, a P/E ratio of 17.44, a P/E/G ratio of 13.95 and a beta of 1.32. The stock’s 50 day moving average price is $42.35 and its 200 day moving average price is $57.61. 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 has a 52 week low of $30.92 and a 52 week high of $92.35.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 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%. On average, research analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.84%. The ex-dividend date was Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Hedge Funds Weigh In On Polaris

Hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC boosted its stake in Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 402 shares in the last quarter. Twin Tree Management LP acquired a new position in Polaris during the 4th quarter worth about $29,000. Lindbrook Capital LLC raised its stake in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after acquiring an additional 387 shares during the last quarter. Quarry LP lifted its position in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock valued at $50,000 after purchasing an additional 797 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.