Polaris Inc. (NYSE:PII) Receives $89.18 Average Target Price from Analysts

Shares of Polaris Inc. (NYSE:PII) have been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $89.18.

A number of research firms recently commented on PII. Citigroup decreased their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets decreased their price objective on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Truist Financial decreased their price objective on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Monday, July 8th. DA Davidson raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Thursday, July 25th. Finally, Roth Mkm decreased their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th.

Polaris Stock Up 1.0 %

Shares of NYSE:PII opened at $84.65 on Monday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 7.52 and a beta of 1.53. The firm’s 50-day simple moving average is $80.43 and its 200-day simple moving average is $85.27. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. Polaris has a fifty-two week low of $71.90 and a fifty-two week high of $114.24.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The firm’s revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 EPS. As a group, equities research analysts predict that Polaris will post 3.79 earnings per share for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, September 3rd. Polaris’s payout ratio is 38.71%.

Hedge Funds Weigh In On Polaris

Several institutional investors and hedge funds have recently modified their holdings of the company. Lantz Financial LLC lifted its stake in shares of Polaris by 0.8% during the first quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock valued at $1,480,000 after buying an additional 114 shares during the period. JLB & Associates Inc. lifted its stake in shares of Polaris by 0.5% during the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after buying an additional 120 shares during the period. Fifth Third Bancorp lifted its stake in shares of Polaris by 3.3% during the first quarter. Fifth Third Bancorp now owns 3,770 shares of the company’s stock valued at $377,000 after buying an additional 122 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Polaris by 2.8% during the fourth quarter. New York Life Investment Management LLC now owns 6,088 shares of the company’s stock valued at $577,000 after buying an additional 167 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock valued at $133,000 after buying an additional 169 shares during the period. Hedge funds and other 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.