Polaris (NYSE:PII) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Polaris (NYSE:PII) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

PII has been the subject of several other reports. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, January 28th. Weiss Ratings cut Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Wells Fargo & Company initiated coverage on Polaris in a report on Wednesday, March 11th. They issued an “equal weight” rating and a $52.00 price objective for the company. Morgan Stanley dropped their price objective on Polaris from $81.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 17th. Finally, Seaport Research Partners raised Polaris to a “strong-buy” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.11.

Polaris Stock Performance

NYSE:PII traded down $2.38 during mid-day trading on Monday, hitting $59.03. 159,027 shares of the stock were exchanged, compared to its average volume of 1,183,809. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of -7.22 and a beta of 1.17. The firm’s 50-day simple moving average is $57.31 and its 200 day simple moving average is $63.43. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.35 and a current ratio of 0.98. Polaris has a fifty-two week low of $31.56 and a fifty-two week high of $75.25.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Polaris had a negative return on equity of 0.05% and a negative net margin of 6.51%.The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. Polaris has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.450-0.450 EPS. As a group, equities analysts anticipate that Polaris will post 1.72 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.68 per share. This is an increase from Polaris’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.6%. Polaris’s payout ratio is presently -33.25%.

Insider Transactions at Polaris

In other news, insider Benjamin D. Duke sold 10,090 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $66.82, for a total transaction of $674,213.80. Following the completion of the transaction, the insider owned 30,242 shares of the company’s stock, valued at approximately $2,020,770.44. The trade was a 25.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael T. Speetzen sold 35,086 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $66.83, for a total value of $2,344,797.38. Following the transaction, the chief executive officer directly owned 136,362 shares of the company’s stock, valued at $9,113,072.46. This trade represents a 20.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 50,419 shares of company stock valued at $3,371,183. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Polaris

A number of institutional investors have recently modified their holdings of PII. Harbor Capital Advisors Inc. acquired a new position in shares of Polaris during the 3rd quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of Polaris during the 4th quarter worth $27,000. Danske Bank A S raised its holdings in shares of 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 buying an additional 300 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Polaris during the 3rd quarter worth $37,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Polaris during the 4th quarter worth $40,000. Institutional investors and hedge funds 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.