Polaris Inc. (NYSE:PII) Given Average Rating of “Hold” by Brokerages

Shares of Polaris Inc. (NYSE:PII) have been assigned an average rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $64.4444.

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Zacks Research cut Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley dropped their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Finally, Citigroup increased their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th.

Polaris Trading Down 5.3%

Shares of PII opened at $64.84 on Thursday. Polaris has a 52-week low of $44.62 and a 52-week high of $75.25. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. The firm’s fifty day moving average is $67.10 and its two-hundred day moving average is $63.97. The stock has a market cap of $3.69 billion, a PE ratio of -8.27 and a beta of 1.25.

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

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, June 1st. Polaris’s dividend payout ratio is presently -34.69%.

Institutional Trading of Polaris

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

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.