Polaris Inc. (NYSE:PII) Receives $64.44 Consensus Target Price from Brokerages

Shares of Polaris Inc. (NYSE:PII) have earned an average recommendation of “Hold” from the twelve brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $64.4444.

Several research analysts have issued reports on PII shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Weiss Ratings cut shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Citigroup boosted their price objective on shares of Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Zacks Research cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th.

Polaris Trading Up 4.3%

Shares of PII opened at $69.37 on Friday. The firm’s 50-day moving average price is $62.92 and its 200-day moving average price is $63.66. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -8.85 and a beta of 1.26. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. Polaris has a 1-year low of $38.42 and a 1-year high of $75.25.

Polaris (NYSE:PII) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted ($0.90) earnings per share. Polaris’s quarterly revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Sell-side analysts anticipate that Polaris will post 1.76 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, June 1st. Polaris’s dividend payout ratio is currently -34.69%.

Institutional Trading of Polaris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PII. Bank of America Corp DE boosted its position in shares of Polaris by 30.5% in the first quarter. Bank of America Corp DE now owns 445,717 shares of the company’s stock worth $24,292,000 after purchasing an additional 104,302 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Polaris by 19.6% in the first quarter. EverSource Wealth Advisors LLC now owns 3,367 shares of the company’s stock worth $184,000 after purchasing an additional 552 shares during the period. California State Teachers Retirement System boosted its position in shares of Polaris by 24.4% in the first quarter. California State Teachers Retirement System now owns 63,034 shares of the company’s stock worth $3,435,000 after purchasing an additional 12,344 shares during the period. Empowered Funds LLC boosted its position in shares of Polaris by 42.6% in the first quarter. Empowered Funds LLC now owns 10,857 shares of the company’s stock worth $592,000 after purchasing an additional 3,242 shares during the period. Finally, Maverick Capital Ltd. bought a new position in shares of Polaris in the first quarter worth approximately $958,000. 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.