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.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PII. 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. Citigroup lowered their price objective on shares of Polaris from $145.00 to $139.00 and set a "buy" rating for the company in a research report on Tuesday, April 19th. Robert W. Baird lowered their price objective on shares of Polaris from $135.00 to $130.00 in a research report on Wednesday, July 27th. BMO Capital Markets lowered their price objective on shares of Polaris from $165.00 to $138.00 in a research report on Wednesday, April 27th. Finally, Northcoast Research reiterated a "buy" rating on shares of Polaris in a research report on Tuesday, May 17th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.36.

Polaris Trading Down 0.3 %

Shares of Polaris stock traded down $0.40 on Tuesday, reaching $116.63. 563,319 shares of the company's stock were exchanged, compared to its average volume of 733,399. The company has a market capitalization of $6.95 billion, a P/E ratio of 27.11 and a beta of 1.57. Polaris has a 52 week low of $94.24 and a 52 week high of $135.57. The firm's 50-day moving average is $107.33 and its two-hundred day moving average is $108.79. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.41 and a current ratio of 1.22.

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

Polaris Announces Dividend

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 issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, August 31st. Polaris's payout ratio is 59.53%.