Analysts Set Polaris Inc. (NYSE:PII) Target Price at $45.82

Polaris Inc. (NYSE:PII - Get Free Report) has received a consensus rating of "Hold" from the fourteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $45.82.

Several research firms have recently commented on PII. Royal Bank of Canada reduced their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Bank of America reduced their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Robert W. Baird boosted their price target on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. UBS Group reduced their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st.

Polaris Stock Down 1.8%

NYSE PII traded down $0.70 on Wednesday, reaching $39.19. 1,402,406 shares of the stock traded hands, compared to its average volume of 1,193,924. 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 fifty day moving average price of $36.62 and a 200-day moving average price of $47.72. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 13.95 and a beta of 1.05. Polaris has a 12 month low of $30.92 and a 12 month high of $88.00.

Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Polaris's revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. As a group, research analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 6.84%. Polaris's dividend payout ratio (DPR) is 372.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. Twin Tree Management LP purchased a new stake in Polaris during the 4th quarter valued at about $29,000. Lindbrook Capital LLC grew its stake in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares during the last quarter. UMB Bank n.a. grew its stake in Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after purchasing an additional 429 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Polaris during the 1st quarter valued at about $35,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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.