Polaris (NYSE:PII) Upgraded at StockNews.com

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

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada lowered their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. KeyCorp lowered their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. DA Davidson reduced their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Robert W. Baird lowered their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Polaris presently has a consensus rating of “Hold” and an average price target of $86.00.

Polaris Stock Up 0.8 %

Shares of Polaris stock opened at $57.62 on Monday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 6.59 and a beta of 1.51. The stock has a 50-day simple moving average of $65.48 and a 200-day simple moving average of $75.37. Polaris has a 52-week low of $55.55 and a 52-week high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm earned $2.71 earnings per share. Polaris’s revenue was down 23.4% compared to the same quarter last year. On average, equities research analysts expect that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

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

Institutional Investors Weigh In On Polaris

Several hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in Polaris by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after buying an additional 69,844 shares in the last quarter. Confluence Investment Management LLC boosted its position in shares of Polaris by 0.7% during the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after acquiring an additional 6,724 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after acquiring an additional 96,194 shares during the period. Charles Schwab Investment Management Inc. raised its position in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after purchasing an additional 171,366 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after purchasing an additional 292,992 shares during the period. Institutional investors own 88.06% of the company’s stock.

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.