Polaris (NYSE:PII) Reaches New 12-Month Low at $81.93

Shares of Polaris Inc. (NYSE:PII - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $81.93 and last traded at $82.60, with a volume of 163530 shares traded. The stock had previously closed at $83.71.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PII shares. DA Davidson reiterated a "neutral" rating and issued a $80.00 price target on shares of Polaris in a research note on Tuesday, March 5th. Citigroup dropped their target price on Polaris from $100.00 to $96.00 and set a "neutral" rating on the stock in a report on Wednesday, April 24th. StockNews.com downgraded Polaris from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd. Bank of America began coverage on Polaris in a research report on Wednesday, April 3rd. They set a "neutral" rating and a $110.00 target price on the stock. Finally, Royal Bank of Canada lowered their price target on Polaris from $103.00 to $97.00 and set a "sector perform" rating for the company in a report on Wednesday, April 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $100.27.

Polaris Trading Down 1.8 %

The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The company's fifty day moving average price is $89.96 and its two-hundred day moving average price is $90.55. The firm has a market cap of $4.65 billion, a PE ratio of 12.06, a P/E/G ratio of 2.45 and a beta of 1.61.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.17. The company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm's quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 EPS. As a group, sell-side analysts forecast that Polaris Inc. will post 8.01 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.21%. Polaris's payout ratio is currently 38.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC purchased a new position in Polaris in the 1st quarter valued at approximately $108,890,000. Verity & Verity LLC acquired a new position in shares of Polaris during the 1st quarter worth $37,000. Qube Research & Technologies Ltd boosted its position in shares of Polaris by 276.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company's stock worth $37,845,000 after buying an additional 266,887 shares in the last quarter. AQR Capital Management LLC grew its stake in Polaris by 151.9% in the 3rd quarter. AQR Capital Management LLC now owns 424,118 shares of the company's stock valued at $44,168,000 after acquiring an additional 255,777 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Polaris by 8.9% in the 3rd 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. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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.