Polaris (NYSE:PII) Reaches New 52-Week Low at $75.31

Shares of Polaris Inc. (NYSE:PII) reached a new 52-week low during trading on Monday . The stock traded as low as $75.31 and last traded at $75.34, with a volume of 285187 shares traded. The stock had previously closed at $78.31.

Analyst Ratings Changes

A number of brokerages have weighed in on PII. StockNews.com lowered Polaris from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird cut their target price on shares of Polaris from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank of Canada lowered their price target on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Citigroup lowered their target price on Polaris from $100.00 to $96.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, Truist Financial decreased their price target on Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Polaris has an average rating of “Hold” and an average price target of $99.36.

Polaris Stock Down 0.4 %

The firm has a market cap of $4.28 billion, a P/E ratio of 11.14, a PEG ratio of 2.70 and a beta of 1.53. The firm’s 50-day moving average price is $81.54 and its 200 day moving average price is $88.50. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business earned $2.05 EPS. The business’s quarterly revenue was down 20.3% on a year-over-year basis. On average, equities research analysts expect that Polaris Inc. will post 8.01 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Monday, June 3rd. Polaris’s dividend payout ratio is presently 38.71%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. New England Capital Financial Advisors LLC acquired a new stake in shares of Polaris in the 1st quarter worth approximately $25,000. Creekmur Asset Management LLC bought a new stake in shares of Polaris in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new stake in Polaris during the fourth quarter valued at approximately $31,000. Verity & Verity LLC bought a new stake in Polaris during the first quarter worth approximately $37,000. Finally, Bessemer Group Inc. grew its position 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. 88.06% of the stock is currently owned by institutional investors.

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.