Polaris Inc. (NYSE:PII) Receives Consensus Recommendation of “Hold” from Brokerages

by · The Markets Daily

Polaris Inc. (NYSE:PII – Get Free Report) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $64.4444.

A number of equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Robert W. Baird boosted their price objective on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company upped their price objective on Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Citigroup increased their target price on Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th.

Get Our Latest Research Report on Polaris

Hedge Funds Weigh In On Polaris

Hedge funds have recently modified their holdings of the stock. Auto Owners Insurance Co increased its holdings in Polaris by 6,225.0% in 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 during the last quarter. AQR Capital Management LLC grew its position in shares of Polaris by 564.8% during the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after purchasing an additional 1,489,157 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Polaris during the fourth quarter valued at about $81,447,000. Goldman Sachs Group Inc. increased its holdings in shares of 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 purchasing an additional 1,204,405 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Polaris by 79.2% in the fourth quarter. Invesco Ltd. now owns 1,065,910 shares of the company’s stock worth $67,419,000 after purchasing an additional 471,106 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

PII opened at $65.64 on Thursday. The firm has a market cap of $3.73 billion, a P/E ratio of -8.37 and a beta of 1.25. Polaris has a 1-year low of $46.03 and a 1-year high of $75.25. The company has a 50 day simple moving average of $67.50 and a two-hundred day simple moving average of $63.81. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48.

Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Equities analysts forecast that Polaris will post 1.76 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, June 1st. Polaris’s dividend payout ratio (DPR) is -34.69%.

Polaris Company Profile

(Get Free Report)

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.

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