Polaris - PII Stock Forecast, Price & News

Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles. It also produces replacement parts and accessories comprising winches, bumper/brushguards, plows, racks, wheels and tires, pull-behinds, cab systems, lighting and audio systems, cargo box accessories, tracks, and oil for ORVs; snowmobile accessories, which comprise covers, traction products, electric starters, reverse kits, tracks, bags, windshields, oil, and lubricants; and motorcycle accessories, including e saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories. In addition, the company offers gear and apparel, such as helmets, jackets, gloves, pants, hats, goggles, boots, bibs, and leathers; off-road Jeep and truck accessories; and pontoon and deck boats. The company provides its products through dealers and distributors, and online; and aftermarket parts, garments, and accessories through 101 brick-and-mortar retail centers, call centers, and e-commerce sites. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1954 and is headquartered in Medina, Minnesota.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent research reports. Robert W. Baird cut their price target on Polaris from $135.00 to $130.00 in a report on Wednesday, July 27th. DA Davidson initiated coverage on Polaris in a report on Wednesday, May 4th. They set a "neutral" rating and a $99.00 price target on the stock. Jefferies Financial Group began coverage on shares of Polaris in a research report on Tuesday, June 28th. They set a "hold" rating and a $105.00 price target on the stock. Raymond James cut their price objective on shares of Polaris from $149.00 to $131.00 in a research report on Wednesday, April 27th. Finally, BMO Capital Markets decreased their target price on shares of Polaris from $165.00 to $138.00 in a report on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $128.36.

Polaris Trading Up 1.7 %

Shares of PII Stock traded up $2.08 during trading hours on Tuesday, hitting $122.49. The company had a trading volume of 327,513 shares, compared to its average volume of 723,565. Polaris has a fifty-two week low of $94.24 and a fifty-two week high of $132.50. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 0.41. The company's fifty day moving average is $108.83 and its 200 day moving average is $109.09. The stock has a market capitalization of $7.30 billion, a PE ratio of 28.49 and a beta of 1.57.

Polaris (NYSE:PII - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.36. Polaris had a return on equity of 41.72% and a net margin of 3.27%. The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. The firm's revenue was down 2.6% compared to the same quarter last year. Research analysts expect that Polaris will post 10.12 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.64 per share. The ex-dividend date is Wednesday, August 31st. This represents a $2.56 dividend on an annualized basis and a yield of 2.09%. Polaris's dividend payout ratio (DPR) is presently 59.53%.

Insiders Place Their Bets

In other news, CEO Michael T. Speetzen sold 24,500 shares of the firm's stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.21, for a total value of $2,920,645.00. Following the completion of the transaction, the chief executive officer now owns 61,202 shares of the company's stock, valued at $7,295,890.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Polaris news, insider Stephen L. Eastman sold 12,000 shares of the company's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $120.14, for a total transaction of $1,441,680.00. Following the sale, the insider now owns 20,583 shares in the company, valued at approximately $2,472,841.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael T. Speetzen sold 24,500 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $119.21, for a total value of $2,920,645.00. Following the completion of the sale, the chief executive officer now directly owns 61,202 shares in the company, valued at approximately $7,295,890.42. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.