Polaris (NYSE:PII) Stock Gets Price Target Reduction from Royal Bank Of Canada

Polaris (NYSE:PII) had its price objective reduced by Royal Bank Of Canada from $75.00 to $72.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Roth Capital reissued a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Robert W. Baird lowered 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, KeyCorp restated a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.38.

Polaris Stock Performance

Shares of PII stock opened at $59.46 on Wednesday. The company has a market cap of $3.38 billion, a P/E ratio of -16.11 and a beta of 1.32. The firm has a fifty day moving average price of $56.56 and a 200 day moving average price of $62.61. The company has a current ratio of 1.06, a quick ratio of 0.47 and a debt-to-equity ratio of 1.88. Polaris has a 12 month low of $47.14 and a 12 month high of $77.98.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.49. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Polaris had a positive return on equity of 23.19% and a negative net margin of 2.70%. Polaris’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned ($0.28) earnings per share. Sell-side analysts predict that Polaris will post 3.53 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.72 annualized dividend and a yield of 4.6%. Polaris’s payout ratio is -73.71%.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PII. BlackRock Inc. acquired a new stake in Polaris in the second quarter valued at $501,360,000. State Street Corp increased its position in shares of Polaris by 4.7% in the second quarter. State Street Corp now owns 2,692,541 shares of the company’s stock valued at $184,306,000 after buying an additional 121,031 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Polaris during the 2nd quarter worth $77,817,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Polaris during the 2nd quarter worth $43,780,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Key Headlines Impacting Polaris

Here are the key news stories impacting Polaris this week:

• Positive Sentiment: Strong third-quarter results: Polaris reported adjusted earnings of $1.08 per share versus the $0.59 analyst consensus, while revenue reached $2.04 billion against expectations of $1.90 billion. Improved margin execution helped revive profitability and supported the recent move higher in the shares. Polaris Q3 Earnings Revive Profitability As Margin Execution Improves
• Positive Sentiment: Potential capital returns: CFO guidance that Polaris could restart share repurchases offers a possible source of support for the stock after a difficult couple of years, though the timing and size of any buyback remain uncertain. Polaris’s CFO Wants to Restart Buybacks After a Tough Couple of Years
• Positive Sentiment: Dividend maintained: The company declared a quarterly dividend of $0.68 per share, or $2.72 annualized, representing a yield of approximately 4.6%. The payout reinforces Polaris’s shareholder-return appeal. Polaris Declares Regular Cash Dividend
• Positive Sentiment: New flagship product: Polaris unveiled the 400-horsepower RZR Pro R Factory Boost race machine. The launch highlights engineering capability and could support demand and brand momentum in the high-performance powersports market. Polaris and RZR Factory Racing Unveil All-New RZR Pro R Factory Boost Race Machine
• Neutral Sentiment: Analyst view improved modestly: Citigroup raised its price target from $56 to $61 but retained a Neutral rating, signaling limited near-term upside despite the earnings improvement.
• Negative Sentiment: Tariff uncertainty persists: Recent results benefited from tariff-related refunds, but investors remain concerned that ongoing tariff costs could pressure margins and future earnings once refunds fade. Night of the Living Tariff Refund: Why Polaris Stock Refuses to Die

Polaris Company Profile

Polaris Inc is a manufacturer of powersports products headquartered in Medina, Minnesota. Founded in 1954, the company began as a snowmobile manufacturer and has expanded into a diversified portfolio of off-road vehicles, motorcycles, snowmobiles and boats.

Its off-road vehicle lineup includes utility and recreational models sold under brands such as RANGER, RZR, Sportsman and GENERAL. Polaris also manufactures snowmobiles under the Polaris brand and motorcycles through Indian Motorcycle and Slingshot.