Polaris (NYSE:PII) Given New $60.00 Price Target at DA Davidson

Polaris (NYSE:PII) had its price target lowered by DA Davidson from $69.00 to $60.00 in a report issued on Thursday morning,Benzinga reports. The firm 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 research analysts also recently issued reports on the company. BMO Capital Markets decreased their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday. Truist Financial lowered their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Robert W. Baird lowered their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. Finally, KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.82.

Polaris Price Performance

NYSE PII opened at $48.95 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.32 and a current ratio of 1.15. Polaris has a 52-week low of $48.44 and a 52-week high of $100.91. The business has a 50 day simple moving average of $59.44 and a 200 day simple moving average of $72.14. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 14.41 and a beta of 1.53.

Polaris (NYSE:PII) last issued its quarterly earnings data 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 net margin of 1.54% and a return on equity of 13.78%. Analysts anticipate that Polaris will post 1.14 earnings per share 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 paid a $0.67 dividend. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 5.48%. Polaris’s dividend payout ratio is currently 134.69%.

Institutional Investors Weigh In On Polaris

A number of large investors have recently added to or reduced their stakes in PII. Venturi Wealth Management LLC increased its stake in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. lifted its holdings in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares in the last quarter. Quarry LP boosted its position in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after acquiring an additional 253 shares during the period. GAMMA Investing LLC grew its stake in shares of Polaris by 232.6% in the fourth 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 position in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after acquiring an additional 183 shares during the period. Institutional investors own 88.06% of the company’s stock.

About Polaris

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.