Citigroup Forecasts Strong Price Appreciation for Polaris (NYSE:PII) Stock
by Scott Moore · The Cerbat GemPolaris (NYSE:PII – Get Free Report) had its target price raised by research analysts at Citigroup from $58.00 to $70.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 5.20% from the company’s previous close.
Several other research firms have also recently issued reports on PII. Morgan Stanley lowered their target price on shares of Polaris from $81.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 17th. Wells Fargo & Company upped their price target on shares of Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday. Royal Bank Of Canada dropped their price objective on Polaris to $67.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 27th. Finally, Seaport Research Partners upgraded Polaris to a “strong-buy” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $65.00.
View Our Latest Stock Analysis on Polaris
Polaris Stock Up 0.4%
PII stock opened at $66.54 on Thursday. The stock has a 50-day simple moving average of $56.85 and a two-hundred day simple moving average of $63.44. Polaris has a twelve month low of $33.00 and a twelve month high of $75.25. The firm has a market capitalization of $3.79 billion, a PE ratio of -8.49 and a beta of 1.25. The company has a quick ratio of 0.35, a current ratio of 1.21 and a debt-to-equity ratio of 2.72.
Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities analysts predict that Polaris will post 1.7 EPS for the current fiscal year.
Insider Transactions at Polaris
In other news, SVP James P. Williams sold 5,243 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $67.17, for a total transaction of $352,172.31. Following the sale, the senior vice president owned 48,645 shares in the company, valued at approximately $3,267,484.65. This trade represents a 9.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael T. Speetzen sold 35,086 shares of Polaris stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $66.83, for a total transaction of $2,344,797.38. Following the sale, the chief executive officer directly owned 136,362 shares of the company’s stock, valued at $9,113,072.46. This represents a 20.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,419 shares of company stock valued at $3,371,183 in the last quarter. Insiders own 2.40% of the company’s stock.
Institutional Investors Weigh In On Polaris
Several hedge funds have recently added to or reduced their stakes in the company. Auto Owners Insurance Co increased its position in shares of 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 purchasing an additional 64,428,750 shares during the last quarter. AQR Capital Management LLC lifted its position in Polaris by 564.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after buying an additional 1,489,157 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Polaris in the fourth quarter worth approximately $81,447,000. Goldman Sachs Group Inc. boosted its stake in Polaris by 166.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after buying an additional 1,204,405 shares in the last quarter. Finally, Invesco Ltd. grew its position in Polaris by 79.2% during the fourth quarter. Invesco Ltd. now owns 1,065,910 shares of the company’s stock valued at $67,419,000 after acquiring an additional 471,106 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.
Polaris Company Profile
Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.
Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.