Polaris Inc. (NYSE:PII) Receives $67.38 Consensus Price Target from Analysts

Shares of Polaris Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $66.6667.

A number of analysts have recently commented on PII shares. Roth Capital reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th. Weiss Ratings raised Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Citigroup dropped their price target on shares of Polaris from $73.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Finally, Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st.

Polaris Stock Down 2.9%

PII stock opened at $54.09 on Tuesday. Polaris has a 52 week low of $47.14 and a 52 week high of $77.98. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of -11.68 and a beta of 1.27. The firm’s 50-day moving average is $66.29 and its two-hundred day moving average is $63.54. 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 (NYSE:PII) last released its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The firm 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 for the quarter was up 9.2% compared to the same quarter last year. During the same period 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. On average, analysts forecast that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced 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 dividend yield of 5.0%. The ex-dividend date was Tuesday, September 1st. Polaris’s payout ratio is presently -58.75%.

Institutional Trading of Polaris

A number of large investors have recently added to or reduced their stakes in PII. Auto Owners Insurance Co increased its holdings in shares of Polaris by 6,225.0% in 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 in the last quarter. BlackRock Inc. acquired a new stake in shares of Polaris during the 2nd quarter valued at $501,360,000. Goldman Sachs Group Inc. lifted its position 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 valued at $122,058,000 after acquiring an additional 1,204,405 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Polaris by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock worth $84,269,000 after acquiring an additional 107,109 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Polaris during the 2nd quarter worth $77,817,000. 88.06% of the stock is currently owned by institutional investors.

About Polaris

Polaris Inc is a powersports manufacturer headquartered in Medina, Minnesota. Founded in 1954 in Roseau, Minnesota, the company initially focused on snowmobiles and has since expanded into a broad range of recreational and utility vehicles.

Polaris develops and sells off-road vehicles, including all-terrain vehicles and side-by-side models for recreational, agricultural, commercial, and government applications. Its product portfolio includes the RZR, Ranger, General, and Sportsman lines, as well as snowmobiles, motorcycles, and three-wheeled roadsters sold under the Indian Motorcycle and Slingshot brands.