Polaris (NYSE:PII) Price Target Raised to $61.00

Polaris (NYSE:PII) had its target price upped by Citigroup from $56.00 to $61.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also weighed in on PII. UBS Group lowered their target price on shares of Polaris from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, September 18th. Wells Fargo & Company reduced their price target on shares of Polaris from $70.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. KeyCorp reiterated a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Royal Bank Of Canada cut their target price on Polaris from $75.00 to $72.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird decreased their price target on Polaris from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Polaris has an average rating of “Hold” and an average price target of $62.38.

Polaris Trading Down 1.3%

NYSE:PII opened at $59.46 on Thursday. The firm has a market capitalization of $3.39 billion, a P/E ratio of -16.11 and a beta of 1.32. The company has a quick ratio of 0.47, a current ratio of 1.06 and a debt-to-equity ratio of 1.88. The company has a fifty day moving average of $56.56 and a 200 day moving average of $62.61. Polaris has a 52 week low of $47.14 and a 52 week high of $77.98.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 27th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.49. Polaris had a negative net margin of 2.70% and a positive return on equity of 23.19%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company earned ($0.28) earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts predict that Polaris will post 3.53 earnings per share for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.6%. Polaris’s payout ratio is currently -73.71%.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently bought and sold shares of PII. Convergence Investment Partners LLC grew its stake in shares of Polaris by 1.1% in the first quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company’s stock worth $861,000 after acquiring an additional 169 shares during the last quarter. Signaturefd LLC increased its stake in Polaris by 3.9% during the 3rd quarter. Signaturefd LLC now owns 4,877 shares of the company’s stock worth $254,000 after purchasing an additional 185 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Polaris by 1.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock worth $678,000 after buying an additional 194 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Polaris by 2.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,211 shares of the company’s stock worth $767,000 after buying an additional 273 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Polaris by 8.5% in the third quarter. Farther Finance Advisors LLC now owns 3,619 shares of the company’s stock valued at $189,000 after buying an additional 285 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Key Polaris News

Here are the key news stories impacting Polaris this week:

• Positive Sentiment: Strong third-quarter results: Polaris reported adjusted earnings of $1.08 per share versus the $0.59 analyst consensus, while revenue reached $2.04 billion against expectations of $1.90 billion. Improved margin execution helped revive profitability and supported the recent move higher in the shares. Polaris Q3 Earnings Revive Profitability As Margin Execution Improves
• Positive Sentiment: Potential capital returns: CFO guidance that Polaris could restart share repurchases offers a possible source of support for the stock after a difficult couple of years, though the timing and size of any buyback remain uncertain. Polaris’s CFO Wants to Restart Buybacks After a Tough Couple of Years
• Positive Sentiment: Dividend maintained: The company declared a quarterly dividend of $0.68 per share, or $2.72 annualized, representing a yield of approximately 4.6%. The payout reinforces Polaris’s shareholder-return appeal. Polaris Declares Regular Cash Dividend
• Positive Sentiment: New flagship product: Polaris unveiled the 400-horsepower RZR Pro R Factory Boost race machine. The launch highlights engineering capability and could support demand and brand momentum in the high-performance powersports market. Polaris and RZR Factory Racing Unveil All-New RZR Pro R Factory Boost Race Machine
• Neutral Sentiment: Analyst view improved modestly: Citigroup raised its price target from $56 to $61 but retained a Neutral rating, signaling limited near-term upside despite the earnings improvement.
• Negative Sentiment: Tariff uncertainty persists: Recent results benefited from tariff-related refunds, but investors remain concerned that ongoing tariff costs could pressure margins and future earnings once refunds fade. Night of the Living Tariff Refund: Why Polaris Stock Refuses to Die

Polaris Company Profile

Polaris Inc is a manufacturer of powersports products headquartered in Medina, Minnesota. Founded in 1954, the company began as a snowmobile manufacturer and has expanded into a diversified portfolio of off-road vehicles, motorcycles, snowmobiles and boats.

Its off-road vehicle lineup includes utility and recreational models sold under brands such as RANGER, RZR, Sportsman and GENERAL. Polaris also manufactures snowmobiles under the Polaris brand and motorcycles through Indian Motorcycle and Slingshot.