1 week Ago By ABMN Staff
Polaris Inc. ( NYSE:PII – Get Free Report ) gapped down prior to trading on Friday . The stock had previously closed at $81.
01, but opened at $78.88. Polaris shares last traded at $80.
58, with a volume of 83,827 shares. Wall Street Analyst Weigh In A number of brokerages have weighed in on PII. Citigroup decreased their target price on Polaris from $86.
00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. DA Davidson upgraded Polaris from a “neutral” rating to a “buy” rating and set a $87.
00 target price on the stock in a research note on Thursday, July 25th. Bank of America cut their price objective on Polaris from $86.00 to $85.
00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd.
Finally, Robert W. Baird cut their price objective on Polaris from $95.00 to $85.
00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.
com, the stock currently has an average rating of “Hold” and a consensus price target of $89.18. View Our Latest Report on Polaris Polaris Trading Down 2.
1 % Polaris ( NYSE:PII – Get Free Report ) last announced its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.
27 by ($0.89). Polaris had a return on equity of 26.
38% and a net margin of 3.98%. The firm had revenue of $1.
96 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company posted $2.
42 EPS. The firm’s revenue was down 11.5% on a year-over-year basis.
Equities analysts forecast that Polaris Inc. will post 3.79 EPS for the current year.
Polaris Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a $0.66 dividend.
This represents a $2.64 annualized dividend and a dividend yield of 3.33%.
The ex-dividend date is Tuesday, September 3rd. Polaris’s dividend payout ratio is currently 38.71%.
Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently added to or reduced their stakes in PII. Victory Capital Management Inc. increased its position in Polaris by 19.
0% during the 4th quarter. Victory Capital Management Inc. now owns 11,686 shares of the company’s stock valued at $1,107,000 after buying an additional 1,865 shares in the last quarter.
Charles Schwab Investment Management Inc. increased its holdings in shares of Polaris by 3.1% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock worth $33,957,000 after purchasing an additional 10,745 shares in the last quarter. Principal Securities Inc.
bought a new stake in shares of Polaris in the 4th quarter worth $135,000. Jump Financial LLC increased its holdings in shares of Polaris by 5.2% in the 4th quarter.
Jump Financial LLC now owns 6,815 shares of the company’s stock worth $646,000 after purchasing an additional 339 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Polaris by 10.8% in the 4th quarter.
Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock worth $80,663,000 after purchasing an additional 82,779 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.
Polaris Company Profile ( Get Free Report ) 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.
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