Polaris Inc. (NYSE:PII) Given Consensus Recommendation of “Hold” by Analysts

Shares of Polaris Inc. (NYSE:PII) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $61.50.

A number of brokerages recently issued reports on PII. Citigroup decreased their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Roth Mkm decreased their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Truist Financial dropped their target price on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $54.00 price objective on shares of Polaris in a research note on Monday.

Polaris Stock Down 3.3 %

Shares of NYSE:PII opened at $42.56 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $2.39 billion, a P/E ratio of 21.71, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris has a 52-week low of $39.79 and a 52-week high of $100.91. The stock’s fifty day simple moving average is $48.03 and its 200-day simple moving average is $63.37.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, equities research analysts forecast that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.67 per share. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend was Monday, March 3rd. Polaris’s payout ratio is currently 136.73%.

Institutional Investors Weigh In On Polaris

Several large investors have recently made changes to their positions in PII. Capital World Investors boosted its position in Polaris by 6.7% during the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock worth $354,725,000 after purchasing an additional 388,050 shares during the period. Vanguard Group Inc. boosted its position in shares of Polaris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock worth $325,119,000 after buying an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. grew its stake in shares of Polaris by 2.6% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after buying an additional 69,766 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Polaris by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company’s stock valued at $131,609,000 after buying an additional 21,087 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Polaris by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after acquiring an additional 69,844 shares in the last quarter. 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.