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

Polaris (NYSE:PII) had its target price boosted by Robert W. Baird from $67.00 to $70.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also issued reports on PII. Roth Mkm reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, January 28th. Seaport Research Partners raised Polaris to a “strong-buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada cut their target price on Polaris to $67.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 27th. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, Weiss Ratings lowered Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.00.

Polaris Trading Up 0.4%

Shares of NYSE:PII opened at $66.54 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.35 and a current ratio of 1.21. The stock’s 50-day moving average is $56.85 and its 200-day moving average is $63.44. The company has a market cap of $3.79 billion, a P/E ratio of -8.49 and a beta of 1.25. Polaris has a 52-week low of $33.00 and a 52-week high of $75.25.

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

Insider Buying and Selling

In other Polaris news, insider Benjamin D. Duke sold 10,090 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $66.82, for a total transaction of $674,213.80. Following the transaction, the insider owned 30,242 shares of the company’s stock, valued at approximately $2,020,770.44. This represents a 25.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James P. Williams sold 5,243 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $67.17, for a total value of $352,172.31. Following the completion of the transaction, the senior vice president owned 48,645 shares in the company, valued at $3,267,484.65. The trade was a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 50,419 shares of company stock worth $3,371,183 in the last quarter. Insiders own 2.40% of the company’s stock.

Institutional Trading of Polaris

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in shares of Polaris in the 4th quarter valued at about $27,000. Harbor Capital Advisors Inc. acquired a new position in Polaris in the third quarter valued at approximately $26,000. Danske Bank A S boosted its stake in Polaris by 150.0% in the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Polaris in the fourth quarter valued at approximately $40,000. Finally, Quent Capital LLC acquired a new stake in Polaris during the 3rd quarter worth $37,000. 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.