Polaris (NYSE:PII) Price Target Raised to $60.00

Polaris (NYSE:PII) had its target price upped by Wells Fargo & Company from $52.00 to $60.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also recently commented on PII. Robert W. Baird boosted their target price on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley lowered their target price on Polaris from $81.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 17th. Royal Bank Of Canada lowered their target price on Polaris to $67.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 27th. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday. Finally, Weiss Ratings downgraded Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.00.

Polaris Stock Up 0.4%

PII traded up $0.27 on Wednesday, hitting $66.54. 932,467 shares of the company were exchanged, compared to its average volume of 1,947,541. Polaris has a twelve month low of $33.00 and a twelve month high of $75.25. The company has a market cap of $3.79 billion, a price-to-earnings ratio of -8.49 and a beta of 1.25. The company has a current ratio of 1.21, a quick ratio of 0.35 and a debt-to-equity ratio of 2.72. The firm has a 50-day moving average price of $56.85 and a two-hundred day moving average price of $63.44.

Polaris (NYSE:PII) last released its earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.43) by $0.56. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted ($0.90) EPS. Polaris’s revenue for the quarter was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities analysts predict that Polaris will post 1.7 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Polaris

Several institutional investors and hedge funds have recently made changes to their positions in the company. Auto Owners Insurance Co lifted its holdings 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 lifted its holdings 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 valued at $127,554,000 after purchasing an additional 426,482 shares during the last quarter. AQR Capital Management LLC increased its position in Polaris by 30.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock valued at $132,600,000 after acquiring an additional 528,300 shares during the period. Goldman Sachs Group Inc. increased its position in Polaris by 166.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock valued at $122,058,000 after acquiring an additional 1,204,405 shares during the period. Finally, American Century Companies Inc. lifted its position in Polaris by 24.2% during the 3rd quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock worth $84,328,000 after acquiring an additional 282,570 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.