Polaris (NYSE:PII) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Polaris (NYSE:PII) from a sell rating to a hold rating in a research note published on Monday morning.

Several other analysts have also recently commented on the company. DA Davidson decreased their target price on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada decreased their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp dropped their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Robert W. Baird decreased their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.00.

Polaris Trading Up 0.8 %

Shares of Polaris stock opened at $57.62 on Monday. Polaris has a 12-month low of $55.55 and a 12-month high of $100.91. The stock has a market capitalization of $3.21 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 6.59 and a beta of 1.51. The company has a 50-day simple moving average of $65.48 and a 200 day simple moving average of $75.37. 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 (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion for 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 quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.71 EPS. Research analysts expect that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Hedge Funds Weigh In On Polaris

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in shares of Polaris by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 169,004 shares of the company’s stock valued at $13,745,000 after acquiring an additional 18,418 shares during the last quarter. Virtu Financial LLC acquired a new position in Polaris during the third quarter valued at approximately $535,000. Toronto Dominion Bank grew its holdings in Polaris by 2.9% during the third quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock valued at $1,372,000 after purchasing an additional 465 shares during the period. Neo Ivy Capital Management acquired a new stake in Polaris in the third quarter worth $516,000. Finally, M&T Bank Corp raised its holdings in Polaris by 10.9% in the third quarter. M&T Bank Corp now owns 3,141 shares of the company’s stock worth $261,000 after purchasing an additional 309 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.