Polaris (NYSE:PII) Price Target Raised to $72.00

Polaris (NYSE:PII) had its target price boosted by Robert W. Baird from $70.00 to $72.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also commented on PII. Morgan Stanley decreased their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Roth Capital reiterated a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Citigroup raised their price objective on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.00.

Polaris Stock Performance

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

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, equities research analysts expect that Polaris will post 2.92 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 annualized dividend and a yield of 4.1%. Polaris’s dividend payout ratio (DPR) is -58.75%.

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently modified their holdings of PII. Auto Owners Insurance Co boosted its holdings in Polaris by 6,225.0% in the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after purchasing an additional 64,428,750 shares during the period. State Street Corp increased its holdings in shares of Polaris by 15.7% in the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after purchasing an additional 426,482 shares during the period. AQR Capital Management LLC increased its holdings in shares of Polaris by 30.1% in the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock worth $132,600,000 after purchasing an additional 528,300 shares during the period. Goldman Sachs Group Inc. raised its position 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 worth $122,058,000 after buying an additional 1,204,405 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Polaris by 7.4% in 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 in the last quarter. 88.06% of the stock is currently 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.