Polaris (NYSE:PII) Price Target Raised to $75.00

Polaris (NYSE:PII) had its price objective lifted by Royal Bank Of Canada from $65.00 to $75.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a sector perform rating on the stock.

A number of other brokerages have also recently weighed in on PII. Weiss Ratings reissued a “sell (d)” rating on shares of Polaris in a report on Tuesday, July 7th. Robert W. Baird lifted their price target on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday. Roth Capital restated a “neutral” rating on shares of Polaris in a report on Wednesday. Citigroup upped their price objective on shares of Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Bank of America reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $67.00.

Polaris Price Performance

PII stock opened at $66.96 on Wednesday. The firm has a 50 day simple moving average of $69.20 and a two-hundred day simple moving average of $64.23. The stock has a market cap of $3.81 billion, a PE ratio of -14.46 and a beta of 1.25. Polaris has a one year low of $47.14 and a one year high of $77.98. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.48.

Polaris (NYSE:PII) last posted its quarterly earnings data 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 negative net margin of 3.50% and a positive return on equity of 16.77%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted ($1.39) EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, analysts predict that Polaris will post 2.92 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. Polaris’s payout ratio is -58.75%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in shares of Polaris during the 4th quarter valued at approximately $27,000. Danske Bank A S raised its stake in Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares during the period. Elevation Wealth Partners LLC raised its stake in Polaris by 471.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after acquiring an additional 471 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Polaris during the fourth quarter valued at approximately $40,000. Finally, Bard Associates Inc. purchased a new position in Polaris during the fourth quarter valued at approximately $46,000. 88.06% of the stock is currently owned by institutional investors.

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.