Polaris Inc. (NYSE:PII) Stock Has Average Price Target of $65.89

Polaris Inc. (NYSE:PII) has been given an average recommendation of “Hold” by the fourteen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $65.89.

A number of brokerages have recently commented on PII. UBS Group lowered their price objective on Polaris from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, September 18th. Bank of America reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Citigroup reduced their target price on Polaris from $73.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th.

Polaris Stock Down 2.3%

PII stock opened at $50.38 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of -10.88 and a beta of 1.32. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. Polaris has a one year low of $47.14 and a one year high of $77.98. The company has a 50 day moving average price of $59.51 and a two-hundred day moving average price of $63.39.

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

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.4%. Polaris’s dividend payout ratio is currently -58.75%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mitchell & Pahl Private Wealth LLC grew its holdings in Polaris by 9.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 16,094 shares of the company’s stock valued at $839,000 after purchasing an additional 1,331 shares during the period. NorthCrest Asset Manangement LLC increased its position in Polaris by 4.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 6,319 shares of the company’s stock worth $334,000 after purchasing an additional 289 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Polaris by 8.5% during the third quarter. Farther Finance Advisors LLC now owns 3,619 shares of the company’s stock worth $189,000 after purchasing an additional 285 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Polaris by 10.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,762 shares of the company’s stock worth $942,000 after purchasing an additional 1,297 shares during the period. Finally, State Street Corp raised its stake in 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 purchasing an additional 121,031 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Company Profile

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.