Polaris Inc. (NYSE:PII) Receives $104.73 Average Price Target from Brokerages

Shares of Polaris Inc. (NYSE:PII - Get Free Report) have received a consensus rating of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $104.73.

PII has been the subject of several recent research reports. KeyCorp decreased their price objective on Polaris from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, January 12th. Royal Bank of Canada lifted their price objective on Polaris from $100.00 to $103.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 31st. BMO Capital Markets decreased their price objective on Polaris from $100.00 to $95.00 and set a "market perform" rating for the company in a research note on Wednesday, January 31st. Truist Financial decreased their target price on Polaris from $100.00 to $96.00 and set a "hold" rating for the company in a research note on Wednesday, January 31st. Finally, Morgan Stanley upgraded Polaris from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $103.00 to $113.00 in a research note on Wednesday, January 17th.

Polaris Trading Down 1.9 %

NYSE PII traded down $1.70 during trading on Tuesday, hitting $86.50. The stock had a trading volume of 1,764,518 shares, compared to its average volume of 687,762. The company has a market capitalization of $4.89 billion, a PE ratio of 9.94, a PEG ratio of 2.37 and a beta of 1.60. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The firm has a 50 day moving average price of $92.93 and a 200 day moving average price of $91.69. Polaris has a twelve month low of $82.00 and a twelve month high of $138.49.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.69). The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Polaris had a net margin of 5.63% and a return on equity of 40.98%. The business's revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 earnings per share. As a group, equities research analysts forecast that Polaris will post 7.97 earnings per share for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.66 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.64 dividend on an annualized basis and a yield of 3.05%. This is a boost from Polaris's previous quarterly dividend of $0.65. Polaris's payout ratio is currently 30.34%.

Institutional Investors Weigh In On Polaris

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new position in shares of Polaris in the fourth quarter valued at approximately $27,000. BKM Wealth Management LLC acquired a new position in shares of Polaris in the fourth quarter valued at approximately $31,000. First United Bank & Trust acquired a new position in shares of Polaris in the fourth quarter valued at approximately $40,000. Larson Financial Group LLC increased its holdings in shares of Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company's stock valued at $42,000 after purchasing an additional 338 shares during the period. Finally, Orion Capital Management LLC acquired a new position in shares of Polaris in the third quarter valued at approximately $46,000. Hedge funds and other 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.