Shares of Polaris Inc. (NYSE:PII – Get Free Report) have been given a consensus rating of “Hold” by the thirteen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $63.14.
Several equities research analysts recently issued reports on PII shares. Citigroup raised their target price on shares of Polaris from $56.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Polaris in a report on Tuesday, October 27th. UBS Group lowered their price target on Polaris from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, September 18th. KeyCorp restated a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th. Finally, Zacks Research lowered Polaris from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th.
Read Our Latest Stock Analysis on Polaris
Polaris Price Performance
PII opened at $63.06 on Wednesday. The company’s 50-day simple moving average is $56.57 and its two-hundred day simple moving average is $62.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.39 and a current ratio of 1.06. The stock has a market capitalization of $3.59 billion, a P/E ratio of -17.09 and a beta of 1.35. Polaris has a 52-week low of $47.14 and a 52-week high of $77.98.
Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.49. Polaris had a negative net margin of 2.70% and a positive return on equity of 23.19%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the business posted ($0.28) earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts predict that Polaris will post 3.62 EPS for the current year.
Polaris Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.3%. Polaris’s dividend payout ratio is currently -73.71%.
Institutional Investors Weigh In On Polaris
Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Polaris in the second quarter worth about $501,360,000. State Street Corp grew its stake in shares of Polaris by 4.7% during the 2nd quarter. State Street Corp now owns 2,692,541 shares of the company’s stock valued at $184,306,000 after acquiring an additional 121,031 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Polaris by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock valued at $84,269,000 after acquiring an additional 107,109 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Polaris during the 2nd quarter valued at approximately $77,817,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Polaris during the 2nd quarter valued at approximately $43,780,000. 88.06% of the stock is currently owned by institutional investors.
About Polaris
Polaris Inc designs, manufactures and markets powersports vehicles and boats. Its products include off-road vehicles such as RANGER utility vehicles, RZR side-by-sides and Sportsman all-terrain vehicles, as well as snowmobiles, Indian Motorcycle motorcycles and Slingshot three-wheel vehicles.
Through its marine businesses, Polaris also offers recreational and pontoon boats, including brands such as Bennington, Godfrey and Hurricane. The company sells products and related parts, accessories and apparel through a network of dealers and distributors.
Founded in Minnesota in 1954, Polaris introduced its first snowmobile in 1956 and has since expanded into a range of recreational and utility vehicle markets.
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