Polaris (NYSE:PII) Price Target Raised to $73.00

Polaris (NYSE:PII) had its price objective upped by Citigroup from $70.00 to $73.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on PII. Royal Bank Of Canada upped their price objective on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Polaris in a report on Tuesday, July 7th. Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Roth Capital reissued a “neutral” rating on shares of Polaris in a research note on Wednesday. Finally, KeyCorp reissued a “sector weight” rating on shares of Polaris in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.00.

Polaris Price Performance

Polaris stock opened at $66.96 on Thursday. Polaris has a 52-week low of $47.14 and a 52-week high of $77.98. The company has a quick ratio of 0.48, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. The firm’s fifty day moving average is $69.20 and its 200 day moving average is $64.23. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -14.46 and a beta of 1.25.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted ($1.39) EPS. The business’s revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Sell-side analysts forecast that Polaris will post 2.92 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio is currently -58.75%.

Institutional Investors Weigh In On Polaris

Institutional investors and hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Polaris in the fourth quarter valued at about $27,000. Danske Bank A S increased its position in Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Polaris by 471.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after purchasing an additional 471 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Polaris in the 4th quarter worth approximately $40,000. Finally, Bard Associates Inc. purchased a new position in Polaris during the fourth quarter valued at approximately $46,000. 88.06% of the stock is owned by institutional investors.

About Polaris

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.