Brokerages Set Polaris Inc. (NYSE:PII) Price Target at $104.73

Polaris Inc. (NYSE:PII) has been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $100.27.

Several equities analysts recently commented on PII shares. Robert W. Baird dropped their price objective on Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday. KeyCorp dropped their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. BMO Capital Markets dropped their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Monday, April 8th. Finally, Truist Financial dropped their target price on Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research report on Wednesday.

Polaris Price Performance

Polaris stock opened at $83.36 on Tuesday. Polaris has a 12 month low of $82.00 and a 12 month high of $138.49. The company has a current ratio of 1.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.46. The business’s 50 day simple moving average is $92.75 and its 200 day simple moving average is $91.57. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 2.35 and a beta of 1.60.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. Polaris’s revenue for the quarter was down 20.3% on a year-over-year basis. Sell-side analysts forecast that Polaris will post 7.97 EPS for the current year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Thursday, February 29th. This is an increase from Polaris’s previous quarterly dividend of $0.65. Polaris’s dividend payout ratio (DPR) is 38.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in Polaris by 2.4% in the fourth quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock valued at $640,447,000 after acquiring an additional 160,918 shares during the last quarter. Vanguard Group Inc. increased its stake in Polaris by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,807,482 shares of the company’s stock valued at $550,375,000 after acquiring an additional 48,179 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Polaris by 8.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock valued at $257,993,000 after acquiring an additional 202,794 shares during the last quarter. Confluence Investment Management LLC bought a new position in Polaris in the first quarter valued at $108,890,000. Finally, Dimensional Fund Advisors LP increased its stake in Polaris by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock valued at $80,663,000 after acquiring an additional 82,779 shares during the last quarter. Institutional investors 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.