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

Polaris Inc. (NYSE:PII) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $66.17.

PII has been the topic of a number of research analyst reports. Roth Mkm cut their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Robert W. Baird reduced their price objective on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. Royal Bank of Canada reduced their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Truist Financial reduced their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th.

Polaris Stock Up 1.5 %

Polaris stock opened at $46.56 on Monday. Polaris has a 1-year low of $42.85 and a 1-year high of $100.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The stock has a market cap of $2.61 billion, a PE ratio of 23.76, a P/E/G ratio of 13.95 and a beta of 1.50. The stock’s fifty day moving average is $52.62 and its two-hundred day moving average is $67.99.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, sell-side analysts expect that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.76%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is currently 136.73%.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently modified their holdings of PII. National Bank of Canada FI grew its holdings in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after buying an additional 183 shares during the last quarter. Nordea Investment Management AB grew its holdings in Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after buying an additional 183 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock valued at $1,295,000 after buying an additional 241 shares during the last quarter. Quarry LP grew its holdings in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the last quarter. Finally, Claro Advisors LLC grew its holdings in Polaris by 3.3% during 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 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.