Polaris (NYSE:PII) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Polaris (NYSE:PII) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Robert W. Baird lifted their price target on shares of Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their price target on shares of Polaris from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Roth Capital reiterated a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Finally, Morgan Stanley decreased their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Polaris has an average rating of “Hold” and an average price target of $65.00.

Polaris Stock Performance

Shares of NYSE:PII opened at $74.10 on Tuesday. The business’s 50-day simple moving average is $68.36 and its 200 day simple moving average is $64.15. The company has a market cap of $4.22 billion, a P/E ratio of -9.45 and a beta of 1.25. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. Polaris has a one year low of $47.14 and a one year high of $75.25.

Polaris (NYSE:PII) last released its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned ($0.90) EPS. Polaris’s quarterly revenue was up 8.0% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, sell-side analysts forecast that Polaris will post 1.76 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, June 1st. Polaris’s dividend payout ratio is -34.69%.

Institutional Trading of Polaris

Institutional investors have recently added to or reduced their stakes in the stock. Convergence Investment Partners LLC grew its stake in shares of Polaris by 1.1% in the first quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company’s stock worth $861,000 after acquiring an additional 169 shares during the last quarter. Keybank National Association OH raised its stake in Polaris by 1.9% during the 4th quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock valued at $624,000 after purchasing an additional 184 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Polaris by 1.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock valued at $678,000 after purchasing an additional 194 shares during the period. Danske Bank A S boosted its holdings in Polaris by 150.0% in the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Polaris by 2.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,938 shares of the company’s stock worth $596,000 after purchasing an additional 300 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

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.