Polaris (NYSE:PII) Price Target Raised to $65.00 at Wells Fargo & Company

Polaris (NYSE:PII) had its price objective boosted by Wells Fargo & Company from $60.00 to $65.00 in a research note released on Friday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an equal weight rating on the stock.

PII has been the topic of a number of other reports. Morgan Stanley lowered their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Robert W. Baird raised their target price on shares of Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Citigroup increased their price objective on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Polaris in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $65.00.

Polaris Stock Performance

Shares of PII stock traded up $1.62 during mid-day trading on Friday, reaching $67.45. 525,426 shares of the company’s stock traded hands, compared to its average volume of 843,302. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The firm has a market capitalization of $3.84 billion, a PE ratio of -8.60 and a beta of 1.25. Polaris has a 12 month low of $46.03 and a 12 month high of $75.25. The firm has a 50 day moving average price of $67.49 and a two-hundred day moving average price of $63.81.

Polaris (NYSE:PII) last announced its earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.Polaris’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, research analysts forecast that Polaris will post 1.76 EPS for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st. Polaris’s dividend payout ratio is -34.69%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co raised its stake in Polaris by 6,225.0% during the fourth quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after purchasing an additional 64,428,750 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Polaris by 564.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after buying an additional 1,489,157 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Polaris in the 4th quarter worth about $81,447,000. Goldman Sachs Group Inc. increased its holdings in shares of Polaris by 166.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after buying an additional 1,204,405 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Polaris by 79.2% during the 4th quarter. Invesco Ltd. now owns 1,065,910 shares of the company’s stock valued at $67,419,000 after buying an additional 471,106 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Company Profile

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.