Polaris (NYSE:PII) Stock Price Up 6.9% – Still a Buy?

Shares of Polaris Inc. (NYSE:PII) traded up 6.9% during trading on Thursday. The company traded as high as $53.66 and last traded at $54.0320. 46,820 shares were traded during trading, a decline of 95% from the average daily volume of 999,216 shares. The stock had previously closed at $50.56.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Robert W. Baird lowered their target price on shares of Polaris from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Citigroup dropped their target price on Polaris from $73.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. One equities 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.89.

Polaris Stock Down 2.5%

The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. The firm has a market cap of $2.97 billion, a PE ratio of -11.27 and a beta of 1.32. The stock has a fifty day simple moving average of $58.79 and a two-hundred day simple moving average of $63.31.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business posted ($1.39) earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Polaris’s dividend payout ratio is -58.75%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of Polaris by 35.5% in the third quarter. State of Alaska Department of Revenue now owns 9,279 shares of the company’s stock worth $483,000 after purchasing an additional 2,433 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its stake in Polaris by 9.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 16,094 shares of the company’s stock valued at $839,000 after buying an additional 1,331 shares during the period. NorthCrest Asset Manangement LLC grew its position in Polaris by 4.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 6,319 shares of the company’s stock worth $334,000 after buying an additional 289 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Polaris by 8.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,619 shares of the company’s stock worth $189,000 after acquiring an additional 285 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings 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 valued at $942,000 after acquiring an additional 1,297 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

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.