Polaris (NYSE:PII) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Polaris Inc. (NYSE:PII – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $57.46 and traded as high as $68.57. Polaris shares last traded at $67.0840, with a volume of 559,872 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PII shares. Citigroup upped their price objective on shares of Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Loop Capital assumed coverage on shares of Polaris in a research note on Thursday, November 13th. They set a “hold” rating and a $59.00 target price on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. Roth Capital raised their price objective on Polaris from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Zacks Research lowered Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus price target of $55.25.

View Our Latest Stock Analysis on Polaris

Polaris Stock Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 0.36. The stock has a fifty day simple moving average of $66.46 and a two-hundred day simple moving average of $57.52. The firm has a market capitalization of $3.70 billion, a P/E ratio of -24.80 and a beta of 1.12.

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

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, December 1st. Polaris’s payout ratio is -101.13%.

Insider Buying and Selling at Polaris

In other news, SVP James P. Williams sold 4,554 shares of the 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 owned 43,878 shares of the company’s stock, valued at $2,963,081.34. This represents a 9.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in Polaris in the third quarter valued at approximately $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of Polaris by 371.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock worth $28,000 after purchasing an additional 546 shares in the last quarter. EMC Capital Management acquired a new stake in Polaris in the 2nd quarter valued at $36,000. Quent Capital LLC bought a new stake in Polaris during the 3rd quarter valued at $37,000. Finally, Huntington National Bank increased its stake in Polaris by 218.0% during the 2nd quarter. Huntington National Bank now owns 1,062 shares of the company’s stock valued at $43,000 after purchasing an additional 728 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

About Polaris

(Get Free Report)

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.

Further Reading