Polaris Inc. (NYSE:PII) Receives $45.82 Consensus Target Price from Brokerages

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

A number of analysts have issued reports on PII shares. Baird R W downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial dropped their target price on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada reduced their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price objective on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st.

Polaris Price Performance

Shares of PII stock traded up $0.10 during trading hours on Wednesday, reaching $39.90. 1,429,985 shares of the company were exchanged, compared to its average volume of 1,188,504. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 13.95 and a beta of 1.05. The stock's fifty day moving average is $36.67 and its two-hundred day moving average is $48.18. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $88.00.

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

Polaris Announces Dividend

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 6.72%. Polaris's dividend payout ratio is currently 372.22%.

Institutional Trading of Polaris

Several large investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of 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 acquiring an additional 402 shares during the period. Twin Tree Management LP bought a new stake in Polaris in the fourth quarter valued at $29,000. Lindbrook Capital LLC increased its stake in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Polaris by 114.1% during the first 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 period. Finally, Opal Wealth Advisors LLC bought a new position in shares of Polaris during the 1st quarter worth about $35,000. 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.