Polaris Inc. (NYSE:PII) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Polaris Inc. (NYSE:PII) have received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $65.89.

A number of brokerages have recently issued reports on PII. Wells Fargo & Company upped their target price on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird lowered their price target on Polaris from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Finally, Roth Capital restated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th.

Polaris Stock Down 2.5%

Shares of PII traded down $1.33 during mid-day trading on Friday, hitting $52.16. 675,618 shares of the company’s stock were exchanged, compared to its average volume of 843,656. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. Polaris has a 52 week low of $47.14 and a 52 week high of $77.98. The company has a market cap of $2.97 billion, a PE ratio of -11.27 and a beta of 1.32. The company has a 50-day simple moving average of $58.79 and a 200 day simple moving average of $63.31.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping 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 business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company posted ($1.39) earnings per share. The firm’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. On average, research analysts forecast that Polaris will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Polaris’s dividend payout ratio is currently -58.75%.

Hedge Funds Weigh In On Polaris

Institutional investors and hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new stake in Polaris in the 2nd quarter valued at about $7,576,000. Allianz Asset Management GmbH increased its holdings in shares of Polaris by 272.7% during the second quarter. Allianz Asset Management GmbH now owns 386,300 shares of the company’s stock worth $26,438,000 after purchasing an additional 282,651 shares during the period. Legal & General Group Plc bought a new position in shares of Polaris during the second quarter worth approximately $5,222,000. Bank of America Corp DE acquired a new stake in shares of Polaris in the second quarter valued at approximately $17,374,000. Finally, Renaissance Technologies LLC raised its position in shares of Polaris by 87.1% in the first quarter. Renaissance Technologies LLC now owns 225,800 shares of the company’s stock valued at $12,306,000 after buying an additional 105,100 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.