BMO Capital Markets Trims Polaris (NYSE:PII) Target Price to $75.00

Polaris (NYSE:PII) had its target price trimmed by BMO Capital Markets from $90.00 to $75.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a market perform rating on the stock.

Several other analysts have also issued reports on PII. DA Davidson reduced their target price on shares of Polaris from $80.00 to $75.00 and set a neutral rating for the company in a research note on Tuesday, July 2nd. Bank of America began coverage on Polaris in a report on Wednesday, April 3rd. They issued a neutral rating and a $110.00 target price for the company. Royal Bank of Canada decreased their price target on Polaris from $103.00 to $97.00 and set a sector perform rating for the company in a research report on Wednesday, April 24th. StockNews.com downgraded Polaris from a buy rating to a hold rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird decreased their target price on Polaris from $100.00 to $95.00 and set an outperform rating for the company in a research report on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $89.18.

Polaris Trading Up 4.7 %

NYSE:PII opened at $82.71 on Wednesday. The company has a market cap of $4.67 billion, a PE ratio of 12.13, a PEG ratio of 7.00 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.42 and a quick ratio of 0.42. Polaris has a one year low of $71.90 and a one year high of $138.49. The firm has a 50-day moving average of $79.33 and a 200-day moving average of $86.79.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.89). The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share. As a group, equities research analysts expect that Polaris will post 3.8 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, September 3rd. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

Hedge Funds Weigh In On Polaris

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Polaris during the 4th quarter worth about $209,000. Mutual Advisors LLC bought a new position in shares of Polaris in the fourth quarter valued at approximately $207,000. CoreCap Advisors LLC purchased a new position in Polaris during the fourth quarter valued at approximately $239,000. Ritholtz Wealth Management lifted its stake in Polaris by 8.9% in the 4th quarter. Ritholtz Wealth Management now owns 2,359 shares of the company’s stock worth $224,000 after purchasing an additional 192 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Polaris by 1,286.0% in the 4th quarter. Blue Trust Inc. now owns 693 shares of the company’s stock valued at $72,000 after purchasing an additional 643 shares during the period. 88.06% of the stock is owned by institutional investors.

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.