Polaris (NYSE:PII) Shares Gap Up – What’s Next?

Polaris Inc. (NYSE:PII) gapped up prior to trading on Friday . The stock had previously closed at $63.59, but opened at $65.49. Polaris shares last traded at $65.1950, with a volume of 24,215 shares.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of research analyst reports. Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Robert W. Baird boosted their price target on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley dropped their price target on Polaris from $81.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 17th. Royal Bank Of Canada dropped their price objective on shares of Polaris to $67.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 27th. Finally, Roth Mkm reissued a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. One investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.00.

Polaris Trading Down 1.0%

The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. The company has a 50-day simple moving average of $57.52 and a 200 day simple moving average of $63.35. The firm has a market cap of $3.73 billion, a PE ratio of -8.38 and a beta of 1.25.

Polaris (NYSE:PII) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. Polaris’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, sell-side analysts forecast that Polaris Inc. will post 1.7 earnings per share for the current fiscal year.

Polaris Dividend Announcement

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

Institutional Trading of Polaris

Several institutional investors have recently made changes to their positions in the company. Auto Owners Insurance Co raised 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 buying an additional 64,428,750 shares during the period. State Street Corp boosted its stake in Polaris by 15.7% during the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after buying an additional 426,482 shares during the period. AQR Capital Management LLC boosted its stake in Polaris by 30.1% during the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock worth $132,600,000 after buying an additional 528,300 shares during the period. Goldman Sachs Group Inc. boosted its stake in Polaris by 166.0% during 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 during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Polaris by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock worth $84,269,000 after buying an additional 107,109 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

About Polaris

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.