Polaris (NYSE:PII) Trading 13.5% Higher - Should You Buy?

Shares of Polaris Inc. (NYSE:PII - Get Free Report) rose 13.5% on Monday . The company traded as high as $41.65 and last traded at $41.27. Approximately 378,672 shares were traded during trading, a decline of 79% from the average daily volume of 1,784,381 shares. The stock had previously closed at $36.37.

Analyst Upgrades and Downgrades

PII has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price target on Polaris from $40.00 to $33.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their price target on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a report on Monday, April 14th. UBS Group lowered their target price on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Morgan Stanley lowered their target price on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, StockNews.com lowered Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Trading Down 1.6%

The business has a 50-day simple moving average of $37.59 and a two-hundred day simple moving average of $50.60. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 13.95 and a beta of 1.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, beating the consensus estimate of ($0.91) by $0.01. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. Equities 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 will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.07%. The ex-dividend date is Monday, June 2nd. Polaris's payout ratio is 372.22%.

Hedge Funds Weigh In On Polaris

Several institutional investors and hedge funds have recently made changes to their positions in PII. Landscape Capital Management L.L.C. boosted its stake in shares of Polaris by 235.5% in the first quarter. Landscape Capital Management L.L.C. now owns 79,914 shares of the company's stock valued at $3,272,000 after buying an additional 56,097 shares during the period. Ieq Capital LLC bought a new stake in Polaris during the first quarter worth $520,000. Jump Financial LLC lifted its stake in Polaris by 243.8% during the first quarter. Jump Financial LLC now owns 298,736 shares of the company's stock worth $12,230,000 after purchasing an additional 211,832 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Polaris by 64.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 289,094 shares of the company's stock worth $11,836,000 after purchasing an additional 113,386 shares during the last quarter. Finally, Summit Financial LLC lifted its stake in Polaris by 16.7% during the first quarter. Summit Financial LLC now owns 6,001 shares of the company's stock worth $246,000 after purchasing an additional 858 shares during the last quarter. 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.