Polaris Inc. (NYSE:PII) Receives $58.50 Consensus PT from Brokerages

Polaris Inc. (NYSE:PII) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $52.91.

PII has been the topic of several recent research reports. Roth Mkm reduced their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Truist Financial reduced their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Baird R W downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Citigroup downgraded Polaris from a “neutral” rating to a “sell” rating and dropped their target price for the company from $49.00 to $33.00 in a report on Thursday, March 20th. Finally, KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th.

Institutional Trading of Polaris

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC grew its position in shares of Polaris by 7.7% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 11,160 shares of the company’s stock worth $457,000 after acquiring an additional 801 shares in the last quarter. Parallel Advisors LLC lifted its stake in Polaris by 1,328.5% during the first quarter. Parallel Advisors LLC now owns 5,014 shares of the company’s stock worth $205,000 after purchasing an additional 4,663 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Polaris by 25,682.0% in the first quarter. GAMMA Investing LLC now owns 249,570 shares of the company’s stock worth $10,217,000 after purchasing an additional 248,602 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock valued at $50,000 after purchasing an additional 797 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Polaris by 16.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,970 shares of the company’s stock worth $229,000 after purchasing an additional 551 shares during the period. 88.06% of the stock is owned by institutional investors.

Polaris Stock Down 8.7 %

Shares of PII opened at $33.48 on Tuesday. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $93.12. The company’s fifty day moving average is $42.58 and its two-hundred day moving average is $57.95. The firm has a market cap of $1.88 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Analysts forecast that Polaris will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend was Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

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.