Polaris Inc. (NYSE:PII) Stock Has Consensus Price Target of $65.89 According to Analysts

Polaris Inc. (NYSE:PII) has earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $65.89.

PII has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. UBS Group dropped their price target on Polaris from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, September 18th. Robert W. Baird dropped their price target on Polaris from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Finally, Zacks Research lowered Polaris from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th.

Polaris Price Performance

Shares of NYSE:PII opened at $51.14 on Friday. The company’s fifty day moving average price is $60.41 and its 200 day moving average price is $63.47. Polaris has a 12 month low of $47.14 and a 12 month high of $77.98. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. The firm has a market capitalization of $2.91 billion, a P/E ratio of -11.04 and a beta of 1.32.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. Polaris’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts predict that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 1st. Polaris’s dividend payout ratio is presently -58.75%.

Hedge Funds Weigh In On Polaris

A number of hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co raised its holdings in shares of Polaris by 6,225.0% in the fourth quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after buying an additional 64,428,750 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Polaris during the second quarter worth about $501,360,000. State Street Corp grew its holdings in shares of Polaris by 4.7% during the second quarter. State Street Corp now owns 2,692,541 shares of the company’s stock worth $184,306,000 after buying an additional 121,031 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Polaris by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock worth $84,269,000 after buying an additional 107,109 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Polaris during the second quarter worth about $77,817,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

About Polaris

Polaris Inc is a powersports and recreational vehicles company headquartered in Medina, Minnesota. Founded in 1954, the company initially became known for its snowmobiles and has expanded into a diversified manufacturer of off-road vehicles, motorcycles, snowmobiles, and marine products.

Its product portfolio includes all-terrain vehicles and side-by-side vehicles sold under brands such as RANGER, RZR, and Sportsman. Polaris also manufactures snowmobiles under the Polaris brand, motorcycles through Indian Motorcycle and Slingshot, and boats through marine brands including Bennington, Godfrey, and Hurricane.