Polaris (NYSE:PII) Shares Up 6.2% - Time to Buy?

Shares of Polaris Inc. (NYSE:PII - Get Free Report) rose 6.2% during trading on Tuesday . The stock traded as high as $43.10 and last traded at $43.18. Approximately 228,801 shares traded hands during trading, a decline of 82% from the average daily volume of 1,253,899 shares. The stock had previously closed at $40.65.

Wall Street Analyst Weigh In

PII has been the subject of a number of research reports. Roth Capital reiterated a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird lifted their target price on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Truist Financial dropped their price target on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank Of Canada reduced their price objective on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Polaris currently has an average rating of "Hold" and an average price target of $45.27.

Polaris Stock Up 10.4%

The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 62.30 and a beta of 1.05. The stock has a 50-day moving average of $38.64 and a 200-day moving average of $43.93. 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 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 company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. As a group, sell-side analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's payout ratio is 372.22%.

Institutional Investors Weigh In On Polaris

Several large investors have recently made changes to their positions in the company. Twin Tree Management LP bought a new position in Polaris in the 4th quarter worth approximately $29,000. Larson Financial Group LLC boosted its position 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 during the period. Lindbrook Capital LLC grew 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 worth $30,000 after purchasing an additional 387 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of 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 acquired a new position in shares of Polaris during the first quarter valued at $35,000. Institutional investors and hedge funds 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.