Analysts Set Polaris Inc. (NYSE:PII) Price Target at $87.09

Shares of Polaris Inc. (NYSE:PII) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $87.09.

A number of equities analysts recently commented on PII shares. Citigroup lowered their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada lowered their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. BMO Capital Markets lowered their target price on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Roth Mkm lowered their target price on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, DA Davidson lowered their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th.

Polaris Stock Down 0.4 %

Shares of NYSE PII opened at $68.63 on Friday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 7.20 and a beta of 1.52. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris has a 52-week low of $68.45 and a 52-week high of $100.91. The business’s 50 day moving average is $78.60 and its two-hundred day moving average is $80.29.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue was down 23.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.71 EPS. Research analysts predict that Polaris will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.85%. Polaris’s payout ratio is 73.74%.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently made changes to their positions in PII. Allspring Global Investments Holdings LLC raised its holdings in Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after purchasing an additional 169 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Polaris by 53.0% in the first quarter. Private Advisor Group LLC now owns 4,166 shares of the company’s stock valued at $417,000 after purchasing an additional 1,444 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Polaris by 28.5% in the first quarter. BNP Paribas Financial Markets now owns 21,142 shares of the company’s stock valued at $2,117,000 after purchasing an additional 4,688 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Polaris by 0.5% in the first quarter. Texas Permanent School Fund Corp now owns 46,089 shares of the company’s stock valued at $4,614,000 after purchasing an additional 231 shares during the last quarter. Finally, LSV Asset Management grew its stake in Polaris by 29.9% in the 1st quarter. LSV Asset Management now owns 340,050 shares of the company’s stock worth $34,046,000 after acquiring an additional 78,178 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.