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

Polaris Inc. (NYSE:PII)’s stock price hit a new 52-week low during mid-day trading on Monday . The company 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.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com cut Polaris from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Bank of America initiated coverage on Polaris in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target for the company. DA Davidson restated a “neutral” rating and set a $80.00 price objective on shares of Polaris in a research note on Tuesday, March 5th. Royal Bank of Canada lowered their target price on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 24th. Finally, Longbow Research upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $100.27.

Polaris Stock Performance

The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 2.70 and a beta of 1.53. The stock’s fifty day moving average is $82.01 and its 200-day moving average is $88.74.

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

Polaris Announces Dividend

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

Institutional Investors Weigh In On Polaris

Several large investors have recently made changes to their positions in PII. New England Capital Financial Advisors LLC acquired a new position in Polaris during the 1st quarter worth approximately $25,000. Creekmur Asset Management LLC bought a new position in Polaris in the 4th quarter valued at about $27,000. BKM Wealth Management LLC bought a new stake in shares of Polaris during the fourth quarter worth approximately $31,000. Bessemer Group Inc. grew its position in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. Finally, First United Bank & Trust bought a new position in shares of Polaris during the fourth quarter worth approximately $40,000. 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.