Polaris (NYSE:PII) Shares Gap Down – Here’s Why

Polaris Inc. (NYSE:PII)’s share price gapped down before the market opened on Monday . The stock had previously closed at $70.57, but opened at $66.31. Polaris shares last traded at $67.9520, with a volume of 41,863 shares traded.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PII. Zacks Research cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Robert W. Baird upped their price target on shares of Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Morgan Stanley reduced their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Roth Mkm reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their price objective on Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $64.44.

Polaris Trading Down 5.0%

The stock has a market cap of $3.82 billion, a P/E ratio of -8.54 and a beta of 1.26. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48. The business’s 50 day simple moving average is $60.52 and its 200 day simple moving average is $63.36.

Polaris (NYSE:PII) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, analysts expect that Polaris Inc. will post 1.76 earnings per share for the current fiscal year.

Polaris Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Convergence Investment Partners LLC raised its stake in shares of Polaris by 1.1% in the first quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company’s stock valued at $861,000 after acquiring an additional 169 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Polaris by 0.4% in the third quarter. Quantbot Technologies LP now owns 47,913 shares of the company’s stock valued at $2,785,000 after acquiring an additional 177 shares during the last quarter. Keybank National Association OH raised its stake in shares of Polaris by 1.9% in the fourth quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock valued at $624,000 after acquiring an additional 184 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Polaris by 1.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock valued at $678,000 after acquiring an additional 194 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Polaris by 3.0% in the third quarter. Ballentine Partners LLC now owns 6,761 shares of the company’s stock valued at $393,000 after acquiring an additional 196 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.