Polaris Inc. (NYSE:PII) Receives Average Recommendation of "Hold" from Analysts

Polaris Inc. (NYSE:PII - Get Free Report) has been given a consensus recommendation of "Hold" by the fourteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $45.36.

A number of equities analysts have commented on PII shares. Citigroup downgraded Polaris from a "neutral" rating to a "sell" rating and decreased their target price for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. Royal Bank of Canada reduced their price objective 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. UBS Group dropped their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Roth Mkm decreased their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PII. Twin Tree Management LP bought a new stake in Polaris during the 4th quarter valued at approximately $29,000. Larson Financial Group LLC increased its holdings in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after purchasing an additional 402 shares during the period. Lindbrook Capital LLC raised its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after buying an additional 387 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after buying an additional 429 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Polaris during the first quarter worth about $35,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Price Performance

Shares of Polaris stock traded up $0.40 during trading on Friday, reaching $34.10. The company's stock had a trading volume of 171,948 shares, compared to its average volume of 1,780,346. Polaris has a 12-month low of $30.92 and a 12-month high of $90.62. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average price of $38.19 and a 200-day moving average price of $51.81. The company has a market capitalization of $1.92 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion for 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 quarter in the prior year, the company earned $0.23 EPS. As a group, sell-side analysts anticipate that Polaris will post 1.11 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.68 annualized dividend and a dividend yield of 7.86%. Polaris's dividend payout ratio is 372.22%.

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.