Polaris (NYSE:PII) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Polaris (NYSE:PII) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

A number of other research firms have also commented on PII. Robert W. Baird lowered their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. DA Davidson lowered their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, KeyCorp lowered their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris Price Performance

Shares of NYSE:PII opened at $66.01 on Tuesday. 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 twelve month low of $63.23 and a twelve month high of $100.91. The stock’s 50 day moving average is $72.14 and its 200-day moving average is $77.68. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 6.65 and a beta of 1.51.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company earned $2.71 earnings per share. Polaris’s revenue for the quarter was down 23.4% compared to the same quarter last year. Sell-side analysts forecast that Polaris will post 3.22 EPS for the current fiscal 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 given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio is presently 73.74%.

Institutional Investors Weigh In On Polaris

Several large investors have recently made changes to their positions in PII. Venturi Wealth Management LLC increased its position in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after purchasing an additional 294 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares during the period. Quarry LP grew its stake in shares of Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares during the period. Signaturefd LLC grew its stake in shares of Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after acquiring an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Polaris during the 2nd quarter worth $57,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Company Profile

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.