Polaris (NYSE:PII) Hits New 1-Year Low - Should You Sell?

Polaris Inc. (NYSE:PII - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $37.14 and last traded at $37.25, with a volume of 680447 shares trading hands. The stock had previously closed at $42.61.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lowered their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Roth Mkm cut their target price on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $54.00 target price on shares of Polaris in a research note on Monday, March 17th. Truist Financial reduced their price target on Polaris from $60.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Finally, Bank of America lowered 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $58.50.

Polaris Stock Down 9.2 %

The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 13.95 and a beta of 1.32. 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 business has a fifty day moving average of $43.25 and a 200 day moving average of $58.79.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, equities analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 8.43%. Polaris's payout ratio is 136.73%.

Institutional Investors Weigh In On Polaris

Several large investors have recently made changes to their positions in PII. Larson Financial Group LLC grew its holdings in 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 in the last quarter. Twin Tree Management LP acquired a new position in Polaris during the 4th quarter valued at approximately $29,000. Lindbrook Capital LLC increased its stake in shares of 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 during the period. Quarry LP grew its stake in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after purchasing an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

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.