Polaris (NYSE:PII) Shares Gap Up - Time to Buy?

Key Points

• Polaris Inc. shares gapped up from $61.36 to $65.51 before closing at $67.65, with a trading volume of over 1 million shares.
• Analysts have mixed ratings on the stock, with one Buy rating, thirteen Hold ratings, and one Sell rating, resulting in an average rating of "Hold" and a consensus price target of $52.33.
• The company reported earnings of $0.40 per share for the last quarter, significantly beating the expected $0.05, although its quarterly revenue decreased by 5.5% compared to the same period last year.

Shares of Polaris Inc. (NYSE:PII - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $61.36, but opened at $65.51. Polaris shares last traded at $67.65, with a volume of 1,000,958 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Polaris in a research note on Wednesday, October 8th. Robert W. Baird lifted their price target on shares of Polaris from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Citigroup upgraded shares of Polaris from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $35.00 to $60.00 in a research note on Wednesday, October 1st. Roth Capital reiterated a "neutral" rating on shares of Polaris in a research note on Tuesday. Finally, UBS Group lifted their price target on shares of Polaris from $45.00 to $58.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $52.33.

Polaris Price Performance

The firm's 50-day moving average is $57.75 and its 200-day moving average is $46.65. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. The company has a market capitalization of $3.91 billion, a P/E ratio of -36.89 and a beta of 1.08.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.35. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $1.38 earnings per share. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. Analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 3.9%. Polaris's payout ratio is currently -142.55%.

Hedge Funds Weigh In On Polaris

Several large investors have recently added to or reduced their stakes in the company. Wynn Capital LLC lifted its holdings in Polaris by 3.2% during the third quarter. Wynn Capital LLC now owns 7,703 shares of the company's stock valued at $448,000 after purchasing an additional 240 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Polaris by 2.4% during the second quarter. State of Michigan Retirement System now owns 12,679 shares of the company's stock valued at $515,000 after purchasing an additional 300 shares in the last quarter. Koss Olinger Consulting LLC lifted its holdings in Polaris by 0.8% during the second quarter. Koss Olinger Consulting LLC now owns 40,667 shares of the company's stock valued at $1,653,000 after purchasing an additional 304 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Polaris by 46.9% during the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after purchasing an additional 318 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Polaris by 4.1% during the second quarter. Teacher Retirement System of Texas now owns 8,064 shares of the company's stock valued at $328,000 after purchasing an additional 318 shares in the last quarter. Hedge funds and other 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.

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