Polaris (NYSE:PII) Stock Gets Price Target Trim from Robert W. Baird

Polaris (NYSE:PII) had its target price reduced by Robert W. Baird from $72.00 to $65.00 in a research note published on Wednesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other analysts have also recently commented on PII. Zacks Research cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Bank of America reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Citigroup decreased their price objective on Polaris from $73.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, September 9th. Weiss Ratings raised Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their price objective on Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $65.89.

Polaris Price Performance

NYSE:PII opened at $51.68 on Wednesday. Polaris has a 12-month low of $47.14 and a 12-month high of $77.98. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -11.16 and a beta of 1.32. The company’s 50-day moving average is $60.80 and its two-hundred day moving average is $63.46. 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 issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous 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 will post 3.22 EPS 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 issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Tuesday, September 1st. Polaris’s payout ratio is presently -58.75%.

Hedge Funds Weigh In On Polaris

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in shares of Polaris by 8.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,619 shares of the company’s stock valued at $189,000 after buying an additional 285 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Polaris by 10.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,762 shares of the company’s stock worth $942,000 after buying an additional 1,297 shares during the period. State Street Corp boosted its holdings in 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 acquiring an additional 121,031 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Polaris by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 49,152 shares of the company’s stock valued at $3,364,000 after acquiring an additional 947 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in Polaris during the second quarter valued at about $259,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.