Robert W. Baird Cuts Polaris (NYSE:PII) Price Target to $33.00

Polaris (NYSE:PII - Free Report) had its price target cut by Robert W. Baird from $40.00 to $33.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Morgan Stanley restated an "equal weight" rating and issued a $60.00 price objective (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Truist Financial decreased their target price on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Roth Mkm lowered their price target on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.36.

Polaris Stock Down 2.5 %

PII traded down $0.89 during trading on Wednesday, reaching $33.95. The stock had a trading volume of 1,237,019 shares, compared to its average volume of 1,811,450. Polaris has a one year low of $30.92 and a one year high of $90.62. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The stock's 50 day moving average is $38.88 and its two-hundred day moving average is $52.40. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 13.95 and a beta 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the firm posted $0.23 EPS. The company's revenue was down 11.6% on a year-over-year basis. As a group, analysts expect that Polaris will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris's dividend payout ratio is currently 372.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC raised its position in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new position in Polaris in the fourth quarter valued at $29,000. Lindbrook Capital LLC grew its position in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the last quarter. UMB Bank n.a. raised its position in Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after buying an additional 429 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Polaris in the first quarter worth $35,000. 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.