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.

Polaris Stock Up 0.1 %

Shares of NYSE:PII traded up $0.17 during trading on Monday, reaching $120.41. The stock had a trading volume of 507,086 shares, compared to its average volume of 726,120. The firm's 50-day simple moving average is $108.83 and its 200 day simple moving average is $109.09. The company has a market capitalization of $7.17 billion, a P/E ratio of 28.00 and a beta of 1.57. The company has a current ratio of 1.22, a quick ratio of 0.41 and a debt-to-equity ratio of 1.36. Polaris has a one year low of $94.24 and a one year high of $134.10.

Polaris (NYSE:PII - Get Rating) last posted its earnings results on Tuesday, July 26th. The company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.36. Polaris had a net margin of 3.27% and a return on equity of 41.72%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the firm earned $2.70 EPS. The business's quarterly revenue was down 2.6% on a year-over-year basis. As a group, research analysts expect 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. Shareholders of record on Thursday, September 1st will be given 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 yield of 2.13%. Polaris's payout ratio is currently 59.53%.

Wall Street Analysts Forecast Growth

PII has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on Polaris in a report on Tuesday, June 28th. They set a "hold" rating and a $105.00 price target for the company. Northcoast Research reissued a "buy" rating on shares of Polaris in a research report on Tuesday, May 17th. Raymond James lowered their target price 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 note on Wednesday, May 4th. They issued a "neutral" rating and a $99.00 price objective for the company. Finally, Citigroup decreased their price objective on shares of Polaris from $145.00 to $139.00 and set a "buy" rating for the company in a research note on Tuesday, April 19th. Five equities research 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. According to MarketBeat.com, Polaris currently has an average rating of "Moderate Buy" and a consensus price target of $128.36.

Insiders Place Their Bets

In related news, CEO Michael T. Speetzen sold 24,500 shares of the company'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 transaction of $2,920,645.00. Following the sale, the chief executive officer now directly owns 61,202 shares in the company, valued at $7,295,890.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Stephen L. Eastman sold 12,000 shares of Polaris 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 completion of the sale, the insider now owns 20,583 shares in the company, valued at approximately $2,472,841.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael T. Speetzen sold 24,500 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 61,202 shares in the company, valued at $7,295,890.42. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.