Polaris Inc. (NYSE:PII) Receives $55.25 Consensus Price Target from Analysts

Shares of Polaris Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $55.25.

A number of equities research analysts have recently commented on PII shares. Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Citigroup upped their price objective on Polaris from $60.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Robert W. Baird increased their price objective on Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. Finally, Loop Capital began coverage on Polaris in a report on Thursday, November 13th. They set a “hold” rating and a $59.00 price target for the company.

Insider Buying and Selling at Polaris

In other news, SVP James P. Williams sold 4,554 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $67.53, for a total transaction of $307,531.62. Following the transaction, the senior vice president directly owned 43,878 shares in the company, valued at $2,963,081.34. The trade was a 9.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Polaris

Hedge funds have recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its position in Polaris by 8.8% during the 1st quarter. Baird Financial Group Inc. now owns 6,680 shares of the company’s stock worth $273,000 after purchasing an additional 542 shares during the period. AQR Capital Management LLC grew its holdings in Polaris by 26.6% during the first quarter. AQR Capital Management LLC now owns 263,644 shares of the company’s stock worth $10,712,000 after acquiring an additional 55,378 shares during the period. Millennium Management LLC grew its holdings in Polaris by 341.5% during the first quarter. Millennium Management LLC now owns 604,674 shares of the company’s stock worth $24,755,000 after acquiring an additional 467,704 shares during the period. Goldman Sachs Group Inc. raised its position in Polaris by 677.2% in the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock worth $22,283,000 after acquiring an additional 474,259 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Polaris by 27.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after acquiring an additional 39,584 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of PII opened at $71.86 on Thursday. The company’s 50 day simple moving average is $66.34 and its 200-day simple moving average is $59.72. The firm has a market cap of $4.04 billion, a PE ratio of -27.12, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. Polaris has a 12-month low of $30.92 and a 12-month high of $75.25. The company has a current ratio of 1.02, a quick ratio of 0.36 and a debt-to-equity ratio of 1.13.

Polaris (NYSE:PII) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the business earned $0.73 EPS. Polaris’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that Polaris will post 1.11 EPS for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, December 1st. Polaris’s dividend payout ratio (DPR) is -101.13%.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.