Brokerages Set Polaris Inc. (NYSE:PII) Price Target at $65.00

Polaris Inc. (NYSE:PII) has earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $65.00.

A number of equities analysts have issued reports on the company. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Raymond James Financial reissued an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Morgan Stanley cut their target price on Polaris from $81.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings cut Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Finally, Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th.

Polaris Stock Performance

NYSE PII opened at $64.64 on Wednesday. The company has a fifty day simple moving average of $57.70 and a 200 day simple moving average of $63.36. Polaris has a 12-month low of $36.73 and a 12-month high of $75.25. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. The company has a market cap of $3.68 billion, a P/E ratio of -8.25 and a beta of 1.25.

Polaris (NYSE:PII) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the company earned ($0.90) earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Sell-side analysts predict that Polaris will post 1.7 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, June 1st. Polaris’s payout ratio is currently -34.69%.

Hedge Funds Weigh In On Polaris

A number of hedge funds have recently bought and sold shares of the company. Auto Owners Insurance Co lifted its position in shares of Polaris by 6,225.0% during the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock worth $4,140,582,000 after buying an additional 64,428,750 shares in the last quarter. State Street Corp boosted its position in Polaris by 15.7% in the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after purchasing an additional 426,482 shares during the last quarter. AQR Capital Management LLC grew its stake in Polaris by 30.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock valued at $132,600,000 after purchasing an additional 528,300 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Polaris by 166.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock valued at $122,058,000 after purchasing an additional 1,204,405 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Polaris by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock valued at $84,269,000 after purchasing an additional 107,109 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other 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.