Polaris (NYSE:PII) Price Target Raised to $70.00

Polaris (NYSE:PII) had its target price hoisted by Wells Fargo & Company from $65.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities analysts have also commented on the stock. Bank of America reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Polaris in a research note on Tuesday, July 7th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada raised their target price on shares of Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $67.00.

Polaris Stock Performance

Shares of PII opened at $66.96 on Wednesday. Polaris has a 1 year low of $47.14 and a 1 year high of $77.98. The stock has a market capitalization of $3.81 billion, a PE ratio of -14.46 and a beta of 1.25. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.48 and a current ratio of 1.20. The stock has a 50-day simple moving average of $69.20 and a 200-day simple moving average of $64.23.

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned ($1.39) earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, analysts predict that Polaris will post 2.92 earnings per share for the current fiscal year.

Polaris Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PII. Daiwa Securities Group Inc. purchased a new position in Polaris in the second quarter worth $720,000. Chicago Partners Investment Group LLC boosted its position in shares of Polaris by 88.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 8,660 shares of the company’s stock worth $628,000 after purchasing an additional 4,055 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new stake in shares of Polaris during the 2nd quarter worth $258,000. Baker Avenue Asset Management LP acquired a new position in shares of Polaris during the 2nd quarter worth $203,000. Finally, Oregon Public Employees Retirement Fund grew its position in Polaris by 2.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,211 shares of the company’s stock worth $767,000 after buying an additional 273 shares during the period. 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.