As of Friday close, Polaris Inc.’s (NYSE:PII) stock was up $0.24, moving up 0.21 percent to $114.59. The average number of shares traded per day over the past five days has been 565,780 shares. 2 times new highs have been achieved over the past 5 days, with a -$9.73 fall in that time frame. In the last twenty days, the average volume was 664,085, while in the previous 50 days, it was 599,610.
Since last month, PII stock retreated -14.68%. Shares of the company fell to $113.03 on 08/18/23, the lowest level in the past month. A 52-week high of $138.49 was reached on 07/27/23 after having rallying from a 52-week low of $91.86. Since the beginning of this year, PII’s stock price has risen by 13.46% or $13.59, and marked a new high 25 times. However, the stock has declined by -17.26% since its 52-week high.
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PII stock investors should be aware that Polaris Inc. (PII) stock had its last reported insider trading activity 12 days ago on Aug 07. Mack Robert Paul, the CFO, EVP – Finance + Corp Dev of the company, disposed of 8,312 shares for $130.00 on Aug 07. It resulted in a $1,080,560 divestment by the insider. FARR KEVIN M sold 3,225 shares at an average price of $133.28 on Aug 03. The insider now owns 14,645 shares following the transaction. On Jul 28, President – PG&A + Aftermarket Eastman Stephen L. sold 10,000 shares at $135.82 apiece. The transaction was valued at $1,358,200.
Valuation Metrics
Right now, Polaris Inc. (PII) has a P/E ratio of about 10.61. The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 5.26, and the price-to-cash flow ratio of 12.50 may also be considered.
The latest dividend of $0.65 per share was paid out, remained unchanged from last year’s $0.65.
Financial Health
In the three months ended June 29, Polaris Inc.’s quick ratio stood at 0.40, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.21, and the total debt-to-equity ratio was 1.65. On the profitability front, the trailing twelve-month gross margin is 23.00% percent. In the year ended June 29, EBITDA margin amounted to 11.49%, whereas operating margins totaled 9.50%. Based on annual data, PII earned $1.96 billion in gross profit and brought in $8.59 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.50%. Return on equity (ROE) for the past 12 months was 55.80%.
In Polaris Inc.’s quarter-end financial report for June 29, it reported total debt of $1.51 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PII’s revenue rose 6.94% to $2.18 billion during the quarter, while net income inched up to $2.22 billion. While analysts expected Polaris Inc. to report $2.21 quarterly earnings, the actual figure was $2.42 per share, beating the consensus estimate by 9.50%. During the quarter, the company generated $254.7 million in EBITDA. The liabilities of Polaris Inc. were 4.22 billion at the end of its most recent quarter ended June 29, and its total debt was $2.18 billion. The value of shareholders’ equity is $56.69 million.
Technical Picture
This quick technical analysis looks at Polaris Inc.’s (PII) price momentum. With a historical volatility rate of 16.79%, the RSI 9-day stood at 15.15% on 18 August.
With respect to its five-day moving average, the current Polaris Inc. price is down by -7.83% percent or -$9.73. At present, PII shares trade -14.73% below its 20-day simple moving average and +6.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.90% below its SMA50 and +12.79% above its SMA200.
Stochastic coefficient K was 3.07% and Stochastic coefficient D was 2.83%, while ATR was 2.90. Given the Stochastic reading of 7.09% for the 14-day period, the RSI (14) reading has been calculated as 25.65%. As of today, the MACD Oscillator reading stands at -6.02, while the 14-day reading stands at -9.71.
Analyst Ratings
Polaris Inc. downgraded its rating on Polaris Inc. (NYSE: PII) to a Mkt perform in a note to investors on July 18, 2023. The analysts firm previously had a Strong buy rating on the stock.Polaris Inc. (PII) has been rated Hold by analysts. According to 1 brokerage firm, PII is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Polaris Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $130.00, the current consensus forecast for the stock is $90.00 – $152.00. Based on these forecasts, analysts predict Polaris Inc. (PII) will achieve an average price target of $129.64.
