Polaris Inc. (NYSE:PII) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Polaris Inc. (NYSE:PII - Get Free Report) have been given an average recommendation of "Hold" by the fourteen research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.27.

Several brokerages recently weighed in on PII. Wall Street Zen downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reduced their target price on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Roth Capital restated a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Bank of America dropped their price objective on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Citigroup reissued a "sell" rating and issued a $27.00 target price (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th.

Polaris Stock Down 3.1%

NYSE:PII traded down $1.26 during trading hours on Friday, reaching $39.31. 947,878 shares of the company traded hands, compared to its average volume of 1,218,448. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 1.32. The business's 50-day moving average price is $37.84 and its two-hundred day moving average price is $44.76. Polaris has a 1 year low of $30.92 and a 1 year high of $88.00. The stock has a market capitalization of $2.21 billion, a P/E ratio of 54.60 and a beta of 1.04.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the business posted $0.23 EPS. Polaris's revenue was down 11.6% compared to the same quarter last year. Analysts predict that Polaris will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date was Monday, June 2nd. Polaris's payout ratio is 372.22%.

Institutional Trading of Polaris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake 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 acquiring an additional 402 shares during the last quarter. Twin Tree Management LP bought a new position in Polaris in the 4th quarter worth $29,000. Lindbrook Capital LLC lifted its position in 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 purchasing an additional 387 shares in the last quarter. UMB Bank n.a. grew its holdings in 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 purchased a new stake in Polaris in the first quarter worth about $35,000. 88.06% of the stock is 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.