Zacks Research downgraded shares of Polaris (NYSE:PII – Free Report) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.
A number of other brokerages have also recently issued reports on PII. Morgan Stanley dropped their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday. Weiss Ratings cut shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating 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 for the company in a research note on Tuesday, January 27th. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Finally, Citigroup increased their target price on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, ten 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 $64.44.
Get Our Latest Stock Analysis on PII
Polaris Price Performance
Polaris (NYSE:PII – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.56. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities research analysts predict that Polaris will post 1.76 EPS for the current fiscal year.
Polaris Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend 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 Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co boosted its stake in shares of Polaris by 6,225.0% in 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 purchasing an additional 64,428,750 shares during the last quarter. State Street Corp boosted its stake in Polaris by 15.7% during the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after acquiring an additional 426,482 shares during the last quarter. AQR Capital Management LLC boosted its stake in Polaris by 30.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock worth $132,600,000 after acquiring an additional 528,300 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Polaris by 166.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after acquiring an additional 1,204,405 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Polaris by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock worth $84,269,000 after acquiring an additional 107,109 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.
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