Polaris (NYSE:PII) Stock Bumped Down to Hold by Zacks Research

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

A number of other brokerages also recently weighed in on PII. UBS Group reduced their price target on shares of Polaris from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, September 18th. Royal Bank Of Canada boosted their price objective on shares of Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Bank of America reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. KeyCorp restated a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th. Finally, Robert W. Baird increased their target price on Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.89.

Polaris Stock Performance

Shares of NYSE PII opened at $52.75 on Monday. Polaris has a 12 month low of $47.14 and a 12 month high of $77.98. The company has a market cap of $3.00 billion, a P/E ratio of -11.39 and a beta of 1.32. The business’s 50 day moving average is $61.70 and its two-hundred day moving average is $63.54. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII) last posted its quarterly earnings data 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 analysts’ expectations of $1.95 billion. During the same period in the prior year, the business earned ($1.39) earnings per share. Polaris’s revenue for the quarter was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, equities analysts expect that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, September 1st. Polaris’s dividend payout ratio is currently -58.75%.

Institutional Investors Weigh In On Polaris

Hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC boosted its position in shares of Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after buying an additional 471 shares during the period. Bard Associates Inc. acquired a new stake in Polaris in the 4th quarter valued at approximately $46,000. Hilton Head Capital Partners LLC acquired a new stake in Polaris in the 4th quarter valued at approximately $52,000. Versant Capital Management Inc lifted its stake in Polaris by 128.1% in the 2nd quarter. Versant Capital Management Inc now owns 949 shares of the company’s stock valued at $65,000 after acquiring an additional 533 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in Polaris during the 4th quarter worth approximately $74,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.