Polaris (NYSE:PII) Shares Gap Down – Here’s What Happened

Shares of Polaris Inc. (NYSE:PII) gapped down prior to trading on Monday . The stock had previously closed at $70.57, but opened at $66.31. Polaris shares last traded at $67.9520, with a volume of 41,863 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Robert W. Baird upped their price objective on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Citigroup upped 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. Finally, Morgan Stanley dropped their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Polaris has a consensus rating of “Hold” and a consensus target price of $64.44.

Polaris Price Performance

The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. The firm’s 50 day simple moving average is $60.82 and its 200 day simple moving average is $63.38. The company has a market capitalization of $3.89 billion, a PE ratio of -8.72 and a beta of 1.26.

Polaris (NYSE:PII) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.43) by $0.56. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, research analysts anticipate that Polaris Inc. will post 1.76 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. Polaris’s payout ratio is presently -34.69%.

Institutional Trading of Polaris

Several institutional investors and hedge funds have recently made changes to their positions in the business. Convergence Investment Partners LLC lifted its position in shares of Polaris by 1.1% during the first quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company’s stock worth $861,000 after purchasing an additional 169 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Polaris by 0.4% during the third quarter. Quantbot Technologies LP now owns 47,913 shares of the company’s stock worth $2,785,000 after purchasing an additional 177 shares during the last quarter. Keybank National Association OH lifted its position in shares of Polaris by 1.9% during the fourth quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock worth $624,000 after purchasing an additional 184 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Polaris by 1.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock worth $678,000 after purchasing an additional 194 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Polaris by 2.8% during the third quarter. Linden Thomas Advisory Services LLC now owns 8,241 shares of the company’s stock worth $479,000 after purchasing an additional 227 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

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.