Polaris (NYSE:PII) Upgraded at Zacks Research

Zacks Research upgraded shares of Polaris (NYSE:PII) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

PII has been the topic of several other research reports. Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Citigroup lifted their price objective on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Polaris in a report on Tuesday, July 7th. Wells Fargo & Company increased their target price on Polaris from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Finally, Roth Capital restated a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $65.00.

Polaris Stock Performance

Shares of PII stock opened at $72.62 on Tuesday. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of -9.26 and a beta of 1.25. The stock has a fifty day moving average of $68.49 and a 200 day moving average of $64.19. Polaris has a 52 week low of $47.14 and a 52 week high of $75.25. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72.

Polaris (NYSE:PII) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned ($0.90) EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, research analysts expect that Polaris will post 1.76 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 1st. Polaris’s dividend payout ratio (DPR) is -34.69%.

Hedge Funds Weigh In On Polaris

Institutional investors and hedge funds have recently made changes to their positions in the business. Auto Owners Insurance Co boosted its position 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 worth $4,140,582,000 after purchasing an additional 64,428,750 shares in the last quarter. State Street Corp grew its stake in shares of Polaris by 15.7% in the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after buying an additional 426,482 shares during the last quarter. AQR Capital Management LLC increased its position in Polaris by 30.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock valued at $132,600,000 after buying an additional 528,300 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Polaris by 166.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock valued at $122,058,000 after buying an additional 1,204,405 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Polaris by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock valued at $84,269,000 after buying an additional 107,109 shares during the last quarter. 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.