Polaris Inc. (NYSE:PII) Stock Has Average Price Target of $63.14

Shares of Polaris Inc. (NYSE:PII) have received an average rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $63.14.

Several analysts recently issued reports on PII shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a report on Tuesday, October 27th. Robert W. Baird lowered their target price on Polaris from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Citigroup lifted their target price on Polaris from $56.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Royal Bank Of Canada lowered their target price on Polaris from $75.00 to $72.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 28th. Finally, Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th.

Polaris Trading Down 1.9%

PII opened at $63.06 on Wednesday. The stock has a market cap of $3.59 billion, a PE ratio of -17.09 and a beta of 1.35. The company has a fifty day moving average of $56.57 and a 200-day moving average of $62.46. Polaris has a twelve month low of $47.14 and a twelve month high of $77.98. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.88.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.49. Polaris had a positive return on equity of 23.19% and a negative net margin of 2.70%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business posted ($0.28) EPS. Polaris’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that Polaris will post 3.62 EPS for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, December 1st. Polaris’s payout ratio is presently -73.71%.

Hedge Funds Weigh In On Polaris

A number of large investors have recently modified their holdings of PII. BlackRock Inc. bought a new position in shares of Polaris during the second quarter valued at $501,360,000. State Street Corp grew its position in shares of Polaris by 4.7% in the 2nd quarter. State Street Corp now owns 2,692,541 shares of the company’s stock valued at $184,306,000 after buying an additional 121,031 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Polaris by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock worth $84,269,000 after buying an additional 107,109 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Polaris in the 2nd quarter worth about $77,817,000. Finally, Bank of New York Mellon Corp acquired a new stake in Polaris in the second quarter valued at $43,780,000. 88.06% of the stock is currently owned by institutional investors.

Polaris Company Profile

Polaris Inc is a manufacturer of powersports products headquartered in Medina, Minnesota. Founded in 1954, the company began as a snowmobile manufacturer and has expanded into a diversified portfolio of off-road vehicles, motorcycles, snowmobiles and boats.

Its off-road vehicle lineup includes utility and recreational models sold under brands such as RANGER, RZR, Sportsman and GENERAL. Polaris also manufactures snowmobiles under the Polaris brand and motorcycles through Indian Motorcycle and Slingshot.