Polaris (PII) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Polaris in the last year. There are currently 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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13 Wall Street analysts have issued twelve-month price targets for Polaris' shares. Their PII share price forecasts range from $102.00 to $145.00. On average, they anticipate the company's share price to reach $121.50 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for PII or view top-rated stocks among Wall Street analysts.

Polaris' stock was trading at $101.00 at the start of the year. Since then, PII shares have increased by 3.2% and is now trading at $104.24.
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Polaris saw a increase in short interest during the month of 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 short-interest ratio is presently 9.7 days. Approximately 10.7% of the company's stock are sold short.
View Polaris' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our PII earnings forecast.

Polaris Inc. (NYSE:PII) released its quarterly earnings data on Tuesday, July, 25th. The company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.21. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.14 billion. Polaris had a trailing twelve-month return on equity of 57.98% and a net margin of 6.89%. The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.42 earnings per share.

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 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for PII.

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).

Polaris (NYSE:PII) pays an annual dividend of $2.60 per share and currently has a dividend yield of 2.54%. 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.

Polaris issued an update on 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.

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.

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).

Polaris trades on the New York Stock Exchange (NYSE) under the ticker symbol "PII."

Polaris' stock is owned by a variety of retail and institutional 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.

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.
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One share of PII stock can currently be purchased for approximately $104.24.

Polaris (NYSE:PII) has a market capitalization of $5.91 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.

The company employs 16,200 workers across the globe.

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.