Polaris (NYSE:PII) Price Target Raised to $46.00

Polaris (NYSE:PII - Free Report) had its price objective boosted by Robert W. Baird from $38.00 to $46.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently weighed in on PII. Bank of America lowered their price target on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Roth Capital reissued a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Truist Financial reduced their price target on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Baird R W cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Royal Bank Of Canada dropped their price target on shares of 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 research 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.00.

Polaris Stock Down 0.5%

Polaris stock traded down $0.23 during midday trading on Thursday, hitting $46.44. 912,984 shares of the company's stock were exchanged, compared to its average volume of 1,271,859. The company has a market cap of $2.61 billion, a PE ratio of 64.50 and a beta of 1.05. The firm has a 50-day moving average of $39.36 and a two-hundred day moving average of $43.55. Polaris has a 12 month low of $30.92 and a 12 month high of $88.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.37 and a current ratio of 1.12.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping the consensus estimate of ($0.91) by $0.01. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 0.58% and a return on equity of 9.26%. Polaris's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.67 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.68 annualized dividend and a dividend yield of 5.77%. Polaris's dividend payout ratio is currently 372.22%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PII. Larson Financial Group LLC boosted 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 during the last quarter. Twin Tree Management LP bought a new position in shares of Polaris during the 4th quarter valued at approximately $29,000. Lindbrook Capital LLC lifted its holdings in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares during the period. UMB Bank n.a. raised its stake in Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after buying an additional 429 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Polaris in the first quarter valued at about $35,000. Institutional investors 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.