Polaris (NYSE:PII – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.
Other research analysts have also issued research reports about the company. Wells Fargo & Company raised their price objective on Polaris from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Robert W. Baird increased their price target on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup raised their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Finally, Morgan Stanley lowered their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.00.
View Our Latest Analysis on Polaris
Polaris Price Performance
Polaris (NYSE:PII – Get Free Report) last posted its earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.56. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities analysts anticipate that Polaris will post 1.76 EPS for the current fiscal year.
Institutional Trading of Polaris
Several hedge funds and other institutional investors have recently bought and sold shares of PII. Convergence Investment Partners LLC lifted its stake in Polaris by 1.1% during the first quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company’s stock valued at $861,000 after purchasing an additional 169 shares during the last quarter. Keybank National Association OH grew its position in Polaris by 1.9% in the fourth quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock worth $624,000 after buying an additional 184 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Polaris by 1.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock worth $678,000 after buying an additional 194 shares during the last quarter. Danske Bank A S increased its holdings in shares of Polaris by 150.0% in the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Polaris by 2.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,938 shares of the company’s stock valued at $596,000 after buying an additional 300 shares in the last quarter. 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.
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