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.
Polaris Trading Up 1.5 %
PII opened at $122.45 on Friday. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 28.48 and a beta of 1.57. The company has a quick ratio of 0.41, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. Polaris has a twelve month low of $94.24 and a twelve month high of $132.50. The company has a 50-day simple moving average of $109.79 and a 200 day simple moving average of $109.33.
Polaris (NYSE:PII - Get Rating) last posted its 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. The firm had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.17 billion. Polaris had a net margin of 3.27% and a return on equity of 41.72%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.70 earnings per share. Analysts predict that Polaris will post 10.12 EPS for the current fiscal year.
Polaris Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.09%. Polaris's dividend payout ratio (DPR) is currently 59.53%.
Analyst Ratings Changes
Several equities analysts have commented on PII shares. Raymond James decreased their price objective on shares of Polaris from $149.00 to $131.00 in a report on Wednesday, April 27th. DA Davidson began coverage on shares of Polaris in a research report on Wednesday, May 4th. They issued a "neutral" rating and a $99.00 target price for the company. Robert W. Baird reduced their target price on shares of Polaris from $135.00 to $130.00 in a research report on Wednesday, July 27th. Jefferies Financial Group began coverage on shares of Polaris in a research report on Tuesday, June 28th. They issued a "hold" rating and a $105.00 target price for the company. Finally, BMO Capital Markets reduced their target price on shares of Polaris from $165.00 to $138.00 in a research report on Wednesday, April 27th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.36.
Insider Transactions at Polaris
In other news, insider Stephen L. Eastman sold 12,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $120.14, for a total value of $1,441,680.00. Following the completion of the transaction, the insider now owns 20,583 shares of the company's stock, valued at $2,472,841.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael T. Speetzen sold 24,500 shares of the company's stock in a transaction that occurred on Friday, August 12th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen L. Eastman sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $120.14, for a total value of $1,441,680.00. Following the completion of the transaction, the insider now directly owns 20,583 shares of the company's stock, valued at approximately $2,472,841.62. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.
