DA Davidson Cuts Polaris (NYSE:PII) Price Target to $60.00

Polaris (NYSE:PII) had its price objective decreased by DA Davidson from $69.00 to $60.00 in a research note published on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Polaris’ Q1 2025 earnings at ($0.90) EPS.

A number of other brokerages have also weighed in on PII. Citigroup lowered their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Roth Mkm decreased their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.82.

Polaris Trading Down 2.8 %

Shares of NYSE PII opened at $47.68 on Thursday. Polaris has a 1 year low of $47.53 and a 1 year high of $100.91. The firm has a 50-day moving average of $59.03 and a 200 day moving average of $71.81. The stock has a market cap of $2.66 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 14.41 and a beta of 1.53. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.32.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, sell-side analysts expect that Polaris will post 1.14 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 5.62%. The ex-dividend date is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is 134.69%.

Institutional Trading of Polaris

Several institutional investors and hedge funds have recently modified their holdings of PII. Venturi Wealth Management LLC grew its holdings in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after acquiring an additional 294 shares in the last quarter. Blue Trust Inc. increased its holdings in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares during the period. Quarry LP lifted its holdings in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. GAMMA Investing LLC boosted its position in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after acquiring an additional 677 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after acquiring an additional 183 shares during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.