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

Polaris Inc. (NYSE:PII - Get Free Report) has been assigned an average rating of "Hold" from the fourteen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $45.27.

A number of brokerages have recently weighed in on PII. Roth Capital restated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Citigroup restated a "sell" rating and issued a $27.00 price objective (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Robert W. Baird increased their target price on shares of Polaris from $33.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, Truist Financial dropped their target price on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PII. RWWM Inc. grew its position in Polaris by 169.2% during the 1st quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock worth $98,053,000 after purchasing an additional 1,505,351 shares during the last quarter. Select Equity Group L.P. grew its position in Polaris by 142.1% during the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company's stock worth $66,346,000 after purchasing an additional 951,195 shares during the last quarter. Invesco Ltd. grew its position in Polaris by 352.5% during the 1st quarter. Invesco Ltd. now owns 902,751 shares of the company's stock worth $36,959,000 after purchasing an additional 703,240 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Polaris by 132.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock worth $51,909,000 after purchasing an additional 513,542 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Polaris by 12,099.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 513,343 shares of the company's stock worth $21,016,000 after purchasing an additional 509,135 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Price Performance

Shares of PII opened at $39.31 on Friday. Polaris has a twelve month low of $30.92 and a twelve month high of $88.00. The firm's fifty day simple moving average is $37.56 and its 200-day simple moving average is $45.08. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 54.59 and a beta of 1.04. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 1.32.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data 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. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business earned $0.23 EPS. The company's revenue was down 11.6% on a year-over-year basis. Equities analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

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

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.

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