UBS Group Cuts Polaris (NYSE:PII) Price Target to $61.00

Polaris (NYSE:PII) had its price objective cut by UBS Group from $67.00 to $61.00 in a report released on Friday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.

Several other research analysts have also issued reports on the company. Robert W. Baird boosted their target price on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. KeyCorp reiterated a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Citigroup decreased their price target on Polaris from $73.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, September 9th. Royal Bank Of Canada boosted their price objective on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Wednesday, July 29th. Finally, Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.67.

Polaris Price Performance

Polaris stock opened at $54.09 on Friday. The firm has a 50-day moving average price of $66.29 and a 200-day moving average price of $63.57. The firm has a market capitalization of $3.08 billion, a PE ratio of -11.68 and a beta of 1.27. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. Polaris has a 12-month low of $47.14 and a 12-month high of $77.98.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, equities research analysts forecast that Polaris will post 3.22 EPS for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Polaris’s payout ratio is -58.75%.

Hedge Funds Weigh In On Polaris

A number of institutional investors have recently modified their holdings of PII. Auto Owners Insurance Co raised its stake in shares of Polaris by 6,225.0% during the fourth quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after acquiring an additional 64,428,750 shares in the last quarter. BlackRock Inc. bought a new position in Polaris in the second quarter worth approximately $501,360,000. Goldman Sachs Group Inc. grew its stake in Polaris by 166.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after purchasing an additional 1,204,405 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 107,109 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Polaris during the 2nd quarter worth $77,817,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

About Polaris

Polaris Inc is a powersports manufacturer headquartered in Medina, Minnesota. Founded in 1954 in Roseau, Minnesota, the company initially focused on snowmobiles and has since expanded into a broad range of recreational and utility vehicles.

Polaris develops and sells off-road vehicles, including all-terrain vehicles and side-by-side models for recreational, agricultural, commercial, and government applications. Its product portfolio includes the RZR, Ranger, General, and Sportsman lines, as well as snowmobiles, motorcycles, and three-wheeled roadsters sold under the Indian Motorcycle and Slingshot brands.