Polaris Inc. (NYSE:PII) Given Average Recommendation of "Hold" by Analysts

Key Points

• Polaris Inc. has received an average consensus recommendation of "Hold" from thirteen brokerages, with a 12-month price target averaging $48.33.
• The company reported a quarterly earnings per share (EPS) of $0.40, significantly exceeding analysts' expectations, despite a year-over-year revenue decline of 5.5%.
• A quarterly dividend of $0.67 per share will be paid to investors, reflecting a 5.2% yield, although the company has a notable dividend payout ratio of -142.55%.

Polaris Inc. (NYSE:PII - Get Free Report) has been given a consensus rating of "Hold" by the thirteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $48.3333.

Several research analysts have recently commented on the company. Truist Financial lowered their price target on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. BMO Capital Markets restated a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Citigroup reiterated a "sell" rating and set a $27.00 target price (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. Finally, Royal Bank Of Canada raised their price target on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th.

Polaris Trading Up 5.8%

Polaris stock traded up $3.03 during mid-day trading on Monday, hitting $55.26. The company's stock had a trading volume of 1,029,977 shares, compared to its average volume of 1,718,645. The firm has a market capitalization of $3.11 billion, a PE ratio of -29.39 and a beta of 1.04. Polaris has a 1 year low of $30.92 and a 1 year high of $87.83. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The stock's fifty day moving average is $46.08 and its two-hundred day moving average is $42.44.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.35. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. On average, analysts anticipate that Polaris will post 1.11 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 annualized dividend and a dividend yield of 4.8%. Polaris's dividend payout ratio (DPR) is currently -142.55%.

Hedge Funds Weigh In On Polaris

Several large investors have recently modified their holdings of PII. RWWM Inc. lifted its position in shares of Polaris by 169.2% during the first 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. Auto Owners Insurance Co lifted its holdings in Polaris by 13,103.2% in the second quarter. Auto Owners Insurance Co now owns 1,035,000 shares of the company's stock worth $42,073,000 after acquiring an additional 1,027,161 shares during the last quarter. Select Equity Group L.P. lifted its holdings in Polaris by 142.1% in the first quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company's stock worth $66,346,000 after acquiring an additional 951,195 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Polaris by 352.5% during the first quarter. Invesco Ltd. now owns 902,751 shares of the company's stock valued at $36,959,000 after buying an additional 703,240 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Polaris by 98.0% during the second quarter. ProShare Advisors LLC now owns 1,119,487 shares of the company's stock valued at $45,507,000 after buying an additional 553,964 shares during the last quarter. Institutional investors 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.