Brokerages Set Polaris Inc. (NYSE:PII) Target Price at $87.09

Shares of Polaris Inc. (NYSE:PII) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $86.00.

Several equities research analysts have recently issued reports on PII shares. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a report on Monday, December 30th. DA Davidson reduced their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. KeyCorp decreased their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. Finally, Royal Bank of Canada decreased 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.

Hedge Funds Weigh In On Polaris

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

Polaris Stock Up 2.6 %

Polaris stock opened at $57.86 on Friday. Polaris has a twelve month low of $55.55 and a twelve month high of $100.91. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The firm has a market cap of $3.23 billion, a PE ratio of 16.16, a P/E/G ratio of 6.59 and a beta of 1.51. The firm’s 50 day moving average price is $64.92 and its two-hundred day moving average price is $75.08.

Polaris (NYSE:PII) last posted its quarterly 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). The company had revenue of $1.72 billion during 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 company’s revenue was down 23.4% compared to the same quarter last year. During the same period last year, the company posted $2.71 earnings per share. On average, research analysts predict that Polaris will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s dividend payout ratio is 73.74%.

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.