NYSE:PII

Polaris (PII) Stock Forecast, Price & News

$104.88

+0.51 (+0.49%)

(As of 09/25/2023 ET)

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Today's Range: $103.76
▼
$105.49
50-Day Range: $104.35
▼
$137.09
52-Week Range: $91.86
▼
$138.49

Volume: 399,459 shs
Average Volume: 590,078 shs
Market Capitalization: $5.95 billion

P/E Ratio: 9.79
Dividend Yield: 2.48%
Price Target: $121.64

Polaris MarketRank™ Forecast

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 16.0% Upside
$121.64 Price Target
Short Interest: Bearish
10.66% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -4.51
Upright™ Environmental Score
News Sentiment: 0.99
Based on 4 Articles This Week
Insider Trading: Selling Shares
$19.59 M Sold Last Quarter
Proj. Earnings Growth: 1.54%
From $10.41 to $10.57 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Auto/Tires/Trucks Sector

34th out of 94 stocks

Miscellaneous Transportation Equipment Industry

1st out of 7 stocks

3.1

Analyst's Opinion

Consensus Rating
Polaris has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 10 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $121.64, Polaris has a forecasted upside of 16.0% from its current price of $104.88.
Amount of Analyst Coverage
Polaris has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
10.66% of the float of Polaris has been sold short.
Short Interest Ratio / Days to Cover
Polaris has a short interest ratio ("days to cover") of 9.7.
Change versus previous month
Short interest in Polaris has recently increased by 22.46%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
Polaris pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Polaris has been increasing its dividend for 28 years.
Dividend Coverage
The dividend payout ratio of Polaris is 24.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Polaris will have a dividend payout ratio of 24.60% next year. This indicates that Polaris will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Polaris has received a -122.31% net impact score from Upright. The largest negative impact of Polaris in category "GHG emissions" seems to be driven mostly by its "Diesel utility vehicles", "Snowmobiles", and "Diesel passenger cars" products. See details.
Environmental Sustainability
The Environmental Impact score for Polaris is -4.51.

2.8

News and Social Media Coverage

News Sentiment
Polaris has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Polaris this week, compared to 5 articles on an average week.
MarketBeat Follows
8 people have added Polaris to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Polaris insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,593,994.00 in company stock.
Percentage Held by Insiders
Only 2.75% of the stock of Polaris is held by insiders.
Percentage Held by Institutions
87.36% of the stock of Polaris is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Polaris are expected to grow by 1.54% in the coming year, from $10.41 to $10.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Polaris is 9.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of Polaris is 9.79, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 13.12.
Price to Book Value per Share Ratio
Polaris has a P/B Ratio of 5.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Polaris (NYSE:PII) Stock

Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles worldwide. 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; moto-roadsters, quadricycles, and boats; and aftermarket parts and apparel. It also provides ORV accessories comprising winches, bumper/brushguards, plows, racks, wheels and tires, pull-behinds, cab systems, lighting and audio systems, cargo box accessories, tracks, and oil; snowmobile accessories, which include covers, traction products, reverse kits, electric starters, tracks, bags, windshields, oil, and lubricants; and motorcycle accessories, such as saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories. In addition, the company offers light duty hauling and passenger vehicles; gear and apparel, such as helmets, goggles, jackets, gloves, boots, bibs, hats, pants, and leathers; and pontoon and deck boats. It provides its products through dealers and distributors, and online; and retail and e-commerce sites. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1945 and is headquartered in Medina, Minnesota.

PII Price History

30 days | 90 days | 365 days | Advanced Chart

PII Stock News Headlines

September 20, 2023 | americanbankingnews.com

Polaris (NYSE:PII) Downgraded by StockNews.com

September 16, 2023 | money.usnews.com

Polaris Inc

September 25, 2023 | Chaikin Analytics (Ad)

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September 12, 2023 | markets.businessinsider.com

Citigroup Maintains Neutral Rating for Polaris: Here's What You Need To Know

September 8, 2023 | msn.com

United Airlines preps overhauled Polaris experience debuting in under 4 weeks

September 8, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Polaris (PII), CH Robinson (CHRW) and AptarGroup (ATR)

September 7, 2023 | markets.businessinsider.com

Where Polaris Stands With Analysts

August 31, 2023 | msn.com

We Drove the 2024 Polaris Ranger XD 1500, and It Shook the Way We Look at Trucks

September 25, 2023 | Stansberry Research (Ad)

Are "The Magnificent Seven" the Next Sears?

The former retail giant’s sales once accounted for 1% of the U.S. economy. Now it’s nearly extinct. Will the same happen to big tech? Learn more here.

August 31, 2023 | thestreet.com

Polaris Industries (PII) Stock Plummets on Earnings Miss

August 29, 2023 | msn.com

2024 Polaris Ranger 1500 XD Review: Why bother with an actual truck?

August 29, 2023 | msn.com

August 28, 2023 | markets.businessinsider.com

POLARIS MARINE UNVEILS TWO CONCEPT DEMONSTRATOR PONTOONS FEATURING HIGH-HORSEPOWER ELECTRIC PROPULSION

August 26, 2023 | msn.com

Police: Customer shot, killed at AutoZone attempted to stop armed robbery

August 26, 2023 | finance.yahoo.com

Should You Buy Polaris Inc. (NYSE:PII) For Its Upcoming Dividend?

August 25, 2023 | msn.com

1 fatally shot at AutoZone store near Polaris

August 22, 2023 | finance.yahoo.com

Down -16.32% in 4 Weeks, Here's Why You Should You Buy the Dip in Polaris Inc (PII)

August 21, 2023 | finance.yahoo.com

Should Value Investors Buy Polaris (PII) Stock?

August 20, 2023 | msn.com

Polaris Off-Road Vehicles, Bobcat & Gravely Utility Vehicles Recalled

August 16, 2023 | finance.yahoo.com

Is It Time To Consider Buying Polaris Inc. (NYSE:PII)?

August 15, 2023 | finance.yahoo.com

Here's Why Polaris Inc (PII) Looks Ripe for Bottom Fishing

August 9, 2023 | msn.com

Almost a Truck: New Polaris Ranger XD 1500 Side-by-Side

August 2, 2023 | msn.com

Polaris (PII) Price Target Increased by 12.88% to 130.73

July 31, 2023 | msn.com

2024 Polaris Ranger XD 1500 hits new highs in UTV capability

July 30, 2023 | news.yahoo.com

The Ranger 1500 XD Is the Polaris Answer to the Work Truck

July 30, 2023 | msn.com

New 2024 Polaris Ranger XD 1500 Is the Hardest-Working UTV Yet With 3,500-Pound Max Tow

July 27, 2023 | markets.businessinsider.com

Analysts Conflicted on These Industrial Goods Names: Graco (GGG), Airbus Group SE (OtherEADSF) and Polaris (PII)

See More Headlines

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PII Company Calendar

Last Earnings: 7/25/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/25/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous transportation equipment
Sub-Industry: Leisure Products
Sector: Auto/Tires/Trucks
Current Symbol: NYSE:PII
CUSIP: 73106810
CIK: 931015
Web: www.polaris.com
Phone: (763) 542-0500
Fax: 763-542-0599
Employees: 16,200
Year Founded: 1954

Price Target and Rating

Average Stock Price Forecast: $121.64
High Stock Price Forecast: $145.00
Low Stock Price Forecast: $102.00
Forecasted Upside/Downside: +15.7%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.71
Trailing P/E Ratio: 9.82
Forward P/E Ratio: 10.10
P/E Growth: N/A
Net Income: $447.10 million
Net Margins: 6.89%
Pretax Margin: 8.82%
Return on Equity: 57.98%
Return on Assets: 12.45%

Debt

Debt-to-Equity Ratio: 1.21
Current Ratio: 1.20
Quick Ratio: 0.36

Sales & Book Value

Annual Sales: $8.59 billion
Price / Sales: 0.69
Cash Flow: $14.92 per share
Price / Cash Flow: 7.05
Book Value: $19.00 per share
Price / Book: 5.53

Miscellaneous

Outstanding Shares: 56,690,000
Free Float: 55,130,000
Market Cap: $5.96 billion
Optionable: Optionable
Beta: 1.68

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Key Executives

Mr. Michael T. Speetzen (Age 53)
CEO & Director
Comp: $2.93M

Mr. Robert Paul Mack (Age 53)
CFO, Exec. VP of Fin. & Corp. Devel.
Comp: $1.53M

Mr. Kenneth J. Pucel (Age 56)
Exec. VP of Global Operations & CTO
Comp: $1.83M

Mr. Steven D. Menneto (Age 57)
Pres of Off-Road
Comp: $1.49M

Mr. Stephen L. Eastman (Age 58)
Pres of PG&A & Aftermarket
Comp: $1.41M

Mr. Victor M. Koelsch (Age 59)
Sr. VP and Chief Digital & Information Officer

J.C. Weigelt
VP of Investor Relations

Ms. Lucy Clark Dougherty (Age 53)
Sr. VP, Gen. Counsel & Company Sec.

Mr. James P. Williams (Age 60)
Sr. VP & Chief HR Officer

Mr. Christopher G. Wolf
Chief Product Excellence, Quality & Safety Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PII Stock - Frequently Asked Questions

Should I buy or sell Polaris stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Polaris in the last year. There are currently 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PII shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PII, but not buy additional shares or sell existing shares.
View PII analyst ratings or view top-rated stocks.
What is Polaris' stock price forecast for 2023?: 12 Wall Street analysts have issued 12 month price objectives for Polaris' shares. Their PII share price forecasts range from $102.00 to $145.00. On average, they predict the company's stock price to reach $121.64 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for PII or view top-rated stocks among Wall Street analysts.
How have PII shares performed in 2023?: Polaris' stock was trading at $101.00 at the beginning of 2023. Since then, PII stock has increased by 3.8% and is now trading at $104.88.
View the best growth stocks for 2023 here.
Are investors shorting Polaris?: Polaris saw a increase in short interest in August. As of August 31st, there was short interest totaling 5,670,000 shares, an increase of 22.5% from the August 15th total of 4,630,000 shares. Based on an average daily trading volume, of 586,800 shares, the days-to-cover ratio is presently 9.7 days. Currently, 10.7% of the company's stock are sold short.
View Polaris' Short Interest.
When is Polaris' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our PII earnings forecast.
How were Polaris' earnings last quarter?: Polaris Inc. (NYSE:PII) released its quarterly earnings data on Tuesday, July, 25th. The company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.21 by $0.21. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.14 billion. Polaris had a net margin of 6.89% and a trailing twelve-month return on equity of 57.98%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.42 earnings per share.
How often does Polaris pay dividends? What is the dividend yield for Polaris?: Polaris announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, September 1st will be given a dividend of $0.65 per share on Friday, September 15th. This represents a $2.60 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for PII.
What ETFs hold Polaris' stock?: ETFs with the largest weight of Polaris (NYSE:PII) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), VanEck Morningstar ESG Moat ETF (MOTE), VanEck Morningstar Wide Moat ETF (MOAT), Inspire Faithward Mid Cap Momentum ETF (GLRY), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT), VanEck Morningstar Global Wide Moat ETF (MOTG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and Innovator IBD Breakout Opportunities ETF (BOUT).
Is Polaris a good dividend stock?: Polaris (NYSE:PII) pays an annual dividend of $2.60 per share and currently has a dividend yield of 2.49%. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PII will have a dividend payout ratio of 24.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PII.
What guidance has Polaris issued on next quarter's earnings?: Polaris updated its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $10.20-$10.75 for the period, compared to the consensus earnings per share estimate of $10.13. The company issued revenue guidance of $8.80 billion-$9.10 billion, compared to the consensus revenue estimate of $8.79 billion.

What is Scott W. Wine's approval rating as Polaris' CEO?: 208 employees have rated Polaris Chief Executive Officer Scott W. Wine on Glassdoor.com. Scott W. Wine has an approval rating of 82% among the company's employees.
What other stocks do shareholders of Polaris own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Polaris investors own include Johnson & Johnson (JNJ), McDonald's (MCD), Pfizer (PFE), Intel (INTC), CVS Health (CVS), International Business Machines (IBM), NVIDIA (NVDA), Exxon Mobil (XOM), AbbVie (ABBV) and Boeing (BA).
What is Polaris' stock symbol?: Polaris trades on the New York Stock Exchange (NYSE) under the ticker symbol "PII."
Who are Polaris' major shareholders?: Polaris' stock is owned by many different institutional and retail investors. Top institutional shareholders include Capital World Investors (10.91%), BlackRock Inc. (8.17%), State Street Corp (6.93%), The Manufacturers Life Insurance Company (4.01%), Van ECK Associates Corp (3.95%) and Beutel Goodman & Co Ltd. (3.93%). Insiders that own company stock include Dougherty Lucy Clark, Jacob Vogel, James P Williams, Kevin M Farr, Michael D Dougherty, Michael T Speetzen, Robert Paul Mack, Stephen L Eastman and Steven Menneto.
View institutional ownership trends.
How do I buy shares of Polaris?: Shares of PII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Polaris' stock price today?: One share of PII stock can currently be purchased for approximately $104.88.
How much money does Polaris make?: Polaris (NYSE:PII) has a market capitalization of $5.95 billion and generates $8.59 billion in revenue each year. The company earns $447.10 million in net income (profit) each year or $10.71 on an earnings per share basis.
How many employees does Polaris have?: The company employs 16,200 workers across the globe.
Does Polaris have any subsidiaries?: The following companies are subsidiares of Polaris: A.M. Holding S.A.S., AIXAM Mega GmbH, Aixam Immobilier S.A.S., Aixam Lusitana Sociedad De Comercializacae de Automoveis S.A., Aixam Mega, Aixam Mega Engineering S.A.S., Aixam Mega Italia S.R.L., Aixam Mega Nederland BV, Aixam Mega S.A.S., Aixam Production S.A.S., Aixam Sweden AB, Aixam-Mega Iberica S.L., BAIC TAP Off-Road Vehicle Technology Company Limited, Boat Holdings, Carmax SAS, Carmetal SAS, Compagnie Industrielle du Vencors SAS, Eicher Polaris Private Ltd., FAM SAS, Goupil Industrie S.A., HH Investment Limited, Highwater Marine LLC, Indian Motorcycle, Indian Motorcycle Company, Indian Motorcycle International LLC, Indian Motorcycle USA LLC, KLIM Europe Sarl, Larson Boats LLC, Larson Escape, LarsonFX, Mega Production S.A., North 54 Insurance Company, North Pole Star LLC, Northstar Precision (Vietnam) Company Limited, Polaris APLA Holdco Pte. Ltd., Polaris Acceptance (50%), Polaris Acceptance Inc., Polaris Boats LLC, Polaris Britain Limited, Polaris Canada Holdco LP, Polaris EMEA Support Center Sp. z.o.o., Polaris Events LLC, Polaris Experience LLC, Polaris Finance Co Sarl, Polaris Finland Oy, Polaris France Holdco SNC, Polaris France S.A.S., Polaris Germany GmbH, Polaris India Private Ltd., Polaris Industries Holdco LP, Polaris Industries Inc., Polaris Industries LLC, Polaris Industries Ltd., Polaris Japan Inc., Polaris Limited China, Polaris Luxembourg I Sarl, Polaris Luxembourg II Sarl, Polaris Norway AS, Polaris Poland Sp. z o.o, Polaris Sales Australia Pty Ltd., Polaris Sales Europe Inc., Polaris Sales Europe Sarl, Polaris Sales Inc., Polaris Sales Mexico S. de R.L. de C.V., Polaris Sales Spain S.L., Polaris Scandinavia AB, Polaris Warranty Group LLC, Polaris of Brazil Import and Trade of Vehicles and Motorcycles LLC, Pontoon Boat LLC, Premier O.E.M. Inc., Primordial Inc., SCI GEB, Shanghai Yi Zing Power Technology Co. Ltd., Striper, TAP Automotive Holdings Canada Inc., TAP Automotive Holdings LLC, TAP Manufacturing LLC, TAP Off Road Investment Company Ltd., TAP Worldwide LLC, Teton Outfitters LLC, Transamerican (NINGBO) Automotive Technology Co. Ltd., Transamerican Auto Parts, Victory Motorcycles Australia Pty Ltd, WSI INDUSTRIES INC., WSI Industries, WSI Industries Co., WSI Rochester Inc., and swissauto powersport LLC.
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How can I contact Polaris?: Polaris' mailing address is 2100 HIGHWAY 55, MEDINA MN, 55340. The official website for the company is www.polaris.com. The company can be reached via phone at (763) 542-0500, via email at polaris.investorrelations@polaris.com, or via fax at 763-542-0599.

This page (NYSE:PII) was last updated on 9/25/2023 by MarketBeat.com Staff

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