Polaris (NYSE:PII) Hits New 1-Year Low – Time to Sell?

Polaris Inc. (NYSE:PII)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $55.55 and last traded at $57.12, with a volume of 431462 shares. The stock had previously closed at $56.74.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PII. Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Robert W. Baird lowered their price objective on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson cut their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, KeyCorp lowered their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $66.97 and a 200-day moving average of $75.96. The firm has a market capitalization of $3.20 billion, a P/E ratio of 16.01, a P/E/G ratio of 6.59 and a beta of 1.51.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm posted $2.71 EPS. The company’s revenue was down 23.4% compared to the same quarter last year. On average, sell-side analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.66 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.60%. Polaris’s payout ratio is 73.74%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. grew its stake in Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Polaris during the 2nd quarter worth approximately $15,363,000. RWWM Inc. increased its stake in Polaris by 192.3% in the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after acquiring an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after purchasing an additional 171,366 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Polaris during the third quarter valued at approximately $12,670,000. Institutional investors own 88.06% of the company’s stock.

Polaris Company Profile

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.