Polaris (NYSE:PII) Shares Gap Up – What’s Next?

Polaris Inc. (NYSE:PII)’s share price gapped up before the market opened on Friday . The stock had previously closed at $63.59, but opened at $65.49. Polaris shares last traded at $65.1950, with a volume of 24,215 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PII shares. Weiss Ratings cut Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada lowered their price objective on Polaris to $67.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 27th. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company lifted their target price on shares of Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Polaris currently has an average rating of “Hold” and an average price target of $65.00.

Polaris Stock Down 1.0%

The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The company has a market cap of $3.73 billion, a PE ratio of -8.38 and a beta of 1.25. The company has a fifty day moving average of $57.52 and a two-hundred day moving average of $63.35.

Polaris (NYSE:PII) last posted its quarterly earnings data 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 negative net margin of 6.13% and a positive return on equity of 5.91%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted ($0.90) EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, analysts anticipate that Polaris Inc. will post 1.7 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.68 per share. The ex-dividend date is Monday, June 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.1%. Polaris’s dividend payout ratio (DPR) is currently -34.69%.

Hedge Funds Weigh In On Polaris

Several institutional investors have recently bought and sold shares of the business. Auto Owners Insurance Co increased its holdings in Polaris by 6,225.0% during 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 period. State Street Corp grew its stake in Polaris by 15.7% in the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock valued at $127,554,000 after purchasing an additional 426,482 shares during the last quarter. AQR Capital Management LLC grew its stake in Polaris by 30.1% in the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock valued at $132,600,000 after purchasing an additional 528,300 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Polaris by 166.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock valued at $122,058,000 after purchasing an additional 1,204,405 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Polaris by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock valued at $84,269,000 after purchasing an additional 107,109 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other 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.