Polaris Inc. (NYSE:PII) Receives Average Rating of “Hold” from Brokerages

Polaris Inc. (NYSE:PII) has received an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $58.50.

A number of research analysts recently issued reports on the stock. DA Davidson lowered their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. BMO Capital Markets lowered their price target 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. Truist Financial cut their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st.

Institutional Trading of Polaris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Polaris by 25,682.0% during the first quarter. GAMMA Investing LLC now owns 249,570 shares of the company’s stock worth $10,217,000 after purchasing an additional 248,602 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Polaris by 191.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock worth $50,000 after buying an additional 797 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Polaris by 16.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,970 shares of the company’s stock worth $229,000 after buying an additional 551 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Polaris in the 4th quarter valued at $2,992,000. Finally, Neo Ivy Capital Management grew its position in Polaris by 525.5% in the fourth quarter. Neo Ivy Capital Management now owns 38,766 shares of the company’s stock valued at $2,233,000 after acquiring an additional 32,568 shares during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

PII opened at $34.85 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The company has a market cap of $1.96 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The stock has a 50-day moving average of $43.98 and a 200-day moving average of $59.35. Polaris has a 52-week low of $33.61 and a 52-week high of $100.00.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (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%. As a group, equities research analysts forecast that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.69%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

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.