DA Davidson Cuts Polaris (NYSE:PII) Price Target to $60.00

Polaris (NYSE:PII) had its price target cut by DA Davidson from $69.00 to $60.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Polaris’ Q1 2025 earnings at ($0.90) EPS.

Several other equities research analysts have also issued reports on PII. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Citigroup cut their price objective on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets lowered their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday. Robert W. Baird cut their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. Finally, KeyCorp lowered shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.82.

Polaris Stock Performance

Shares of NYSE:PII opened at $48.95 on Thursday. The company’s 50 day simple moving average is $59.44 and its 200 day simple moving average is $72.14. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.32. Polaris has a 1 year low of $48.44 and a 1 year high of $100.91. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 14.41 and a beta of 1.53.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, research analysts predict that Polaris will post 1.14 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.48%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is 134.69%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its position in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. lifted its stake in Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares during the period. Quarry LP boosted its holdings in shares of Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after buying an additional 677 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares during the period. 88.06% of the stock is owned by institutional investors.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.