Polaris Inc. (NYSE:PII) Receives Average Recommendation of “Hold” from Analysts

Shares of Polaris Inc. (NYSE:PII) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $64.4444.

A number of equities research analysts have recently issued reports on PII shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Wells Fargo & Company raised their price target 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. Robert W. Baird boosted their price target on shares of Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Finally, Morgan Stanley cut their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th.

Hedge Funds Weigh In On Polaris

A number of institutional investors have recently added to or reduced their stakes in PII. 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 boosted its position in shares of Polaris by 564.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after acquiring an additional 1,489,157 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Polaris in the fourth quarter valued at about $81,447,000. Goldman Sachs Group Inc. grew its holdings in shares of Polaris by 166.0% in the fourth 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 period. Finally, Invesco Ltd. increased its position 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 last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE PII traded up $0.62 during midday trading on Thursday, hitting $64.95. The stock had a trading volume of 49,652 shares, compared to its average volume of 1,106,867. 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 stock has a 50 day simple moving average of $67.32 and a 200-day simple moving average of $63.87. The company has a market capitalization of $3.69 billion, a PE ratio of -8.28 and a beta of 1.25. Polaris has a 1 year low of $45.58 and a 1 year high of $75.25.

Polaris (NYSE:PII) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping 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 analysts’ expectations of $1.63 billion. During the same period in the previous year, the business earned ($0.90) earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, sell-side analysts expect that Polaris will post 1.76 EPS for the current fiscal year.

Polaris Dividend Announcement

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

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.