Polaris (NYSE:PII) Reaches New 1-Year Low – Should You Sell?

Polaris Inc. (NYSE:PII) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $66.00 and last traded at $66.48, with a volume of 43160 shares changing hands. The stock had previously closed at $66.82.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PII shares. DA Davidson decreased their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Bank of America cut their price objective on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Citigroup cut their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada cut their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Polaris currently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Price Performance

The stock has a market capitalization of $3.67 billion, a PE ratio of 18.38, a P/E/G ratio of 6.98 and a beta of 1.52. The stock’s 50-day moving average is $76.96 and its 200 day moving average is $79.54. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21.

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

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.01%. Polaris’s dividend payout ratio (DPR) is 73.74%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in Polaris by 534.5% during the third 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. Bessemer Group Inc. increased its holdings in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after buying an additional 235 shares during the last quarter. Quarry LP boosted its position in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the period. Blue Trust Inc. boosted its position in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after acquiring an additional 618 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

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.