Polaris (NYSE:PII) Shares Climb 6.9% – Still a Buy?

Shares of Polaris Inc. (NYSE:PII) shot up 6.9% on Thursday. The company traded as high as $53.66 and last traded at $54.0320. 46,820 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 999,216 shares. The stock had previously closed at $50.56.

Analyst Ratings Changes

Several equities research analysts have issued reports on PII shares. KeyCorp reissued a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their price objective on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Robert W. Baird reduced their target price on shares of Polaris from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Finally, Weiss Ratings upgraded shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Polaris presently has an average rating of “Hold” and an average target price of $65.89.

Polaris Price Performance

The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -11.49 and a beta of 1.32. The business’s 50-day simple moving average is $59.51 and its two-hundred day simple moving average is $63.39.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.21. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.72 annualized dividend and a yield of 5.1%. Polaris’s dividend payout ratio is currently -58.75%.

Institutional Trading of Polaris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Auto Owners Insurance Co lifted its stake in Polaris by 6,225.0% during the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after acquiring an additional 64,428,750 shares in the last quarter. BlackRock Inc. purchased a new position in Polaris in the second quarter valued at about $501,360,000. State Street Corp increased its stake in shares of Polaris by 4.7% during the 2nd quarter. State Street Corp now owns 2,692,541 shares of the company’s stock worth $184,306,000 after purchasing an additional 121,031 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 107,109 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Polaris in the 2nd quarter worth about $77,817,000. 88.06% of the stock is owned by institutional investors.

About Polaris

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.