Polaris Inc. (NYSE:PII) Given Average Rating of “Hold” by Analysts

Polaris Inc. (NYSE:PIIGet Free Report) has received an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $102.44.

PII has been the topic of a number of recent research reports. KeyCorp decreased their price objective on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Royal Bank of Canada increased their price target on Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. BMO Capital Markets reduced their price target on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. DA Davidson reiterated a “neutral” rating and issued a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Finally, Truist Financial reduced their price target on Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st.

View Our Latest Stock Report on Polaris

Institutional Trading of Polaris

Several institutional investors have recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new stake in Polaris in the fourth quarter valued at approximately $27,000. Farther Finance Advisors LLC increased its position in shares of Polaris by 71.2% during the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Quarry LP increased its position in shares of Polaris by 150.8% during the fourth quarter. Quarry LP now owns 321 shares of the company’s stock worth $30,000 after acquiring an additional 193 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Polaris during the fourth quarter worth $31,000. Finally, Money Concepts Capital Corp increased its position in shares of Polaris by 89.1% during the fourth quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock worth $32,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Down 1.9 %

NYSE PII opened at $97.10 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. Polaris has a twelve month low of $82.00 and a twelve month high of $138.49. The firm has a market capitalization of $5.48 billion, a PE ratio of 11.16 and a beta of 1.60. The stock’s 50 day moving average is $92.58 and its 200 day moving average is $92.78.

Polaris (NYSE:PIIGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Polaris had a net margin of 5.63% and a return on equity of 40.98%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.46 EPS. Research analysts forecast that Polaris will post 7.98 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.72%. This is a boost from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, February 29th. Polaris’s payout ratio is presently 30.34%.

About Polaris

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Polaris (NYSE:PII)

Receive News & Ratings for Polaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris and related companies with MarketBeat.com's FREE daily email newsletter.