Look At Analyst Expectations For A Better Read On Polaris Inc. (NYSE: PII)


    The Vanguard Group, Inc. recently announced the acquisition of new stake in Polaris Inc. (NYSE:PII). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.05% to 6.3 million shares with purchase of 0.25 million shares. This fresh investment now brings its stake to 10.29% valued currently at $583.24 million. In addition, Wells Fargo Clearing Services LLC raised its holdings by 44579.0 to 2.76 million shares. And Van Eck Associates Corp. has lifted its position by 5.79% or 51245.0 shares – to 0.94 million shares.

    With over 0.42 million Polaris Inc. (PII) shares trading Tuesday and a closing price of $97.62 on the day, the dollar volume was approximately $41.16 million. The shares have shown a positive weekly performance of 6.20% and its price on 07/14/20 gained nearly 1.97%. Currently, there are 61.90M common shares owned by the public and among those 57.33M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 16 analysts who have offered their price forecasts for PII have a consensus price objective of $95.08. The analysts have set the share’s price value over the next 12 months at a high of $114.00 and a low of $67.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Polaris Inc. stock is 2.30 for the next 12 months. The average price target is -6.31% below its last price level and a downside to the estimated low will see the stock lose -45.7% over that period. But an upside of 14.37% will see the stock hit the forecast high price target while mean target price for the stock is $100.00.

    Insiders at the company have transacted a total of 73 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 59 of these insider trades were purchases, accounting for 99,704 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 66,524 shares.

    The top 3 mutual fund holders in Polaris Inc. are SPDR S&P Dividend ETF, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF. SPDR S&P Dividend ETF owns 3.15 million shares of the company’s stock, all valued at over $291.76 million. The company sold 953.0 shares recently to bring their total holdings to about 5.15% of the shares outstanding. Vanguard Total Stock Market Index sold 12590.0 shares to see its total holdings shrink to 1.68 million shares valued at over $155.42 million and representing 2.74% of the shares outstanding. iShares Core S&P Mid Cap ETF now owns shares totaling to 2.52% of the shares outstanding.

    Shares of Polaris Inc. (NYSE: PII) opened at $95.36, down -$0.37 from a prior closing price of $95.73. However, the script later closed the day at $97.62, up 1.97%. The company’s stock has a 5-day price change of 6.20% and 73.02% over the past three months. PII shares are trading -4.01% year to date (YTD), with the 12-month market performance up to 12.99% higher. It has a 12-month low price of $37.35 and touched a high of $104.37 over the same period. Currently, 0.42 million shares have been traded, compared to an average intraday trading volume of 1.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.23%, 12.23%, and 14.14% respectively.

    Institutional ownership of Polaris Inc. (NYSE: PII) shares accounts for 77.30% of the company’s 61.90M shares outstanding. Mutual fund holders own 33.69%, while other institutional holders and individual stakeholders account for 43.69% and 11.24% respectively.

    It has a market capitalization of $5.85B and a beta (3y monthly) value of 2.14. The stock’s trailing 12-month PE ratio is 22.55, while the earnings-per-share (ttm) stands at $4.33. The company has a PEG of 1.50 and a Quick Ratio of 0.50 with the debt-to-equity ratio at 2.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.27% over the week and 3.60% over the month.

    Analysts forecast that Polaris Inc. (PII) will achieve an EPS of $0.57 for the current quarter, $1.24 for the next quarter and $5.69 for 2021. The lowest estimate earnings-per-share for the quarter is $0.2 while analysts give the company a high EPS estimate of $0.88. Comparatively, EPS for the current quarter was $1.73 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.80%, and 58.41% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -4.80% over the past 5-year period.

    Looking at the support for the PII, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on May 29, 2020, with the firm’s price target at $68-$106. Wolfe Research coverage for the Polaris Inc. (PII) stock in a research note released on April 17, 2020 offered a Outperform rating with a price target of $65. BMO Capital Markets was of a view on March 30, 2020 that the stock is Market Perform, while Wedbush gave the stock Neutral rating on January 17, 2020, issuing a price target of. Lake Street on their part issued Buy rating on October 23, 2019.


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