Polaris Inc. (NYSE:PII) Receives Consensus Rating of “Hold” from Analysts

Polaris Inc. (NYSE:PII) has received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.3333.

PII has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 target price (up from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on shares of Polaris from $34.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Wall Street Zen raised shares of Polaris from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Robert W. Baird raised their target price on shares of Polaris from $46.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Roth Capital raised their target price on shares of Polaris from $32.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd.

Polaris Stock Down 2.6%

Shares of NYSE PII opened at $57.31 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. The company has a market cap of $3.22 billion, a P/E ratio of -30.48 and a beta of 1.04. Polaris has a 1 year low of $30.92 and a 1 year high of $87.83. The firm has a 50-day simple moving average of $47.42 and a two-hundred day simple moving average of $42.62.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.35. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. Research analysts anticipate that Polaris will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris’s dividend payout ratio (DPR) is presently -142.55%.

Institutional Investors Weigh In On Polaris

Several institutional investors have recently bought and sold shares of PII. RWWM Inc. boosted its stake in Polaris by 169.2% in the first quarter. RWWM Inc. now owns 2,395,049 shares of the company’s stock valued at $98,053,000 after acquiring an additional 1,505,351 shares in the last quarter. AQR Capital Management LLC boosted its stake in Polaris by 564.8% in the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after acquiring an additional 1,489,157 shares in the last quarter. Auto Owners Insurance Co boosted its stake in Polaris by 13,103.2% in the second quarter. Auto Owners Insurance Co now owns 1,035,000 shares of the company’s stock valued at $42,073,000 after acquiring an additional 1,027,161 shares in the last quarter. Select Equity Group L.P. boosted its stake in Polaris by 142.1% in the first quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock valued at $66,346,000 after acquiring an additional 951,195 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Polaris by 352.5% in the first quarter. Invesco Ltd. now owns 902,751 shares of the company’s stock valued at $36,959,000 after acquiring an additional 703,240 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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.