Analysts Set Polaris Inc. (NYSE:PII) Target Price at $67.00

Polaris Inc. (NYSE:PII) has earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $67.00.

PII has been the topic of several recent analyst reports. Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Robert W. Baird upped their price objective on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Citigroup lifted their target price on Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, KeyCorp reissued a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th.

Hedge Funds Weigh In On Polaris

A number of hedge funds have recently added to or reduced their stakes in PII. Auto Owners Insurance Co increased its stake in shares of 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. BlackRock Inc. bought a new position in shares of Polaris in the 2nd quarter worth $501,360,000. AQR Capital Management LLC raised its position in shares of Polaris by 564.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after acquiring an additional 1,489,157 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Polaris during the 4th quarter worth $81,447,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Polaris by 166.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after purchasing an additional 1,204,405 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Down 0.1%

Shares of PII opened at $64.31 on Friday. The company’s fifty day simple moving average is $69.30 and its 200-day simple moving average is $64.27. The company has a market cap of $3.66 billion, a P/E ratio of -13.89 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. Polaris has a twelve month low of $47.14 and a twelve month high of $77.98.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm posted ($1.39) EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, 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 will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.2%. Polaris’s dividend payout ratio (DPR) is presently -58.75%.

Polaris Company Profile

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.