Analysts Set Polaris Inc. (NYSE:PII) PT at $66.17

Polaris Inc. (NYSE:PII) has been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $66.17.

PII has been the subject of several analyst reports. Truist Financial reduced their price target on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Robert W. Baird dropped their price objective on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of Polaris by 371.7% in the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock worth $1,669,000 after buying an additional 22,835 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after buying an additional 241,926 shares during the period. Angeles Wealth Management LLC bought a new position in shares of Polaris in the fourth quarter worth about $1,318,000. Aigen Investment Management LP bought a new position in shares of Polaris in the fourth quarter worth about $839,000. Finally, Caprock Group LLC raised its stake in shares of Polaris by 174.4% in the fourth quarter. Caprock Group LLC now owns 10,531 shares of the company’s stock worth $607,000 after buying an additional 6,693 shares during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE:PII opened at $42.42 on Friday. Polaris has a 1-year low of $39.79 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 business has a fifty day moving average price of $48.63 and a 200-day moving average price of $63.94. The company has a market capitalization of $2.38 billion, a PE ratio of 21.64, a PEG ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, equities analysts expect that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 6.32%. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is 136.73%.

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.