Polaris (NYSE:PII) Reaches New 12-Month Low – What’s Next?

Polaris Inc. (NYSE:PII)’s share price hit a new 52-week low on Wednesday . The company traded as low as $55.55 and last traded at $57.12, with a volume of 431462 shares trading hands. The stock had previously closed at $56.74.

Analysts Set New Price Targets

PII has been the subject of several research analyst reports. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. KeyCorp dropped their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada cut their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird lowered their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, DA Davidson cut their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Polaris has an average rating of “Hold” and a consensus price target of $87.09.

Polaris Price Performance

The firm has a market cap of $3.20 billion, a P/E ratio of 16.01, a P/E/G ratio of 6.59 and a beta of 1.51. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $66.97 and its two-hundred day moving average is $75.96.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $2.71 earnings per share. The business’s revenue was down 23.4% on a year-over-year basis. As a group, analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 73.74%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PII. American Century Companies Inc. grew its holdings in Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after purchasing an additional 292,992 shares during the period. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Polaris in the 2nd quarter valued at about $15,363,000. RWWM Inc. increased its position in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after buying an additional 179,244 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after buying an additional 171,366 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Polaris in the third quarter worth approximately $12,670,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.