Polaris (NYSE:PII) Stock Gets Price Target Reduction from Wells Fargo & Company

Polaris (NYSE:PII) had its target price lowered by Wells Fargo & Company from $70.00 to $55.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also weighed in on PII. Royal Bank Of Canada boosted their target price on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. UBS Group decreased their target price on Polaris from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, September 18th. Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Bank of America restated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Polaris has an average rating of “Hold” and a consensus price target of $63.00.

Polaris Price Performance

Shares of NYSE:PII opened at $54.22 on Monday. Polaris has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The business has a 50-day moving average of $57.82 and a two-hundred day moving average of $63.35. The stock has a market capitalization of $3.09 billion, a P/E ratio of -11.71 and a beta of 1.32. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $1.21. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, equities research analysts predict that Polaris will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is currently -58.75%.

Hedge Funds Weigh In On Polaris

A number of institutional investors have recently made changes to their positions in PII. BlackRock Inc. acquired a new position in shares of Polaris during the 2nd quarter worth about $501,360,000. Canada Pension Plan Investment Board bought a new stake in Polaris during the 2nd quarter valued at approximately $77,817,000. Bank of New York Mellon Corp acquired a new stake in Polaris in the 2nd quarter valued at approximately $43,780,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Polaris in the 2nd quarter valued at approximately $28,278,000. Finally, Allianz Asset Management GmbH grew its holdings in Polaris by 272.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 386,300 shares of the company’s stock valued at $26,438,000 after buying an additional 282,651 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Company Profile

Polaris Inc is a manufacturer of powersports products headquartered in Medina, Minnesota. Founded in 1954, the company began as a snowmobile manufacturer and has expanded into a diversified portfolio of off-road vehicles, motorcycles, snowmobiles and boats.

Its off-road vehicle lineup includes utility and recreational models sold under brands such as RANGER, RZR, Sportsman and GENERAL. Polaris also manufactures snowmobiles under the Polaris brand and motorcycles through Indian Motorcycle and Slingshot.