Polaris (PII) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Polaris in the last year. There are currently 10 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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.
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13 Wall Street analysts have issued 12-month price targets for Polaris' stock. Their PII share price forecasts range from $100.00 to $130.00. On average, they anticipate the company's stock price to reach $114.27 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for PII or view top-rated stocks among Wall Street analysts.

Polaris' stock was trading at $101.00 at the beginning of 2023. Since then, PII shares have increased by 15.7% and is now trading at $116.83.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our PII earnings forecast.

Polaris Inc. (NYSE:PII) announced its earnings results on Tuesday, April, 25th. The company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.32. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $1.96 billion. Polaris had a net margin of 5.46% and a trailing twelve-month return on equity of 60.97%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share.

Polaris announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.65 per share on Thursday, June 15th. This represents a $2.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for PII.

ETFs with the largest weight of Polaris (NYSE:PII) stock in their portfolio include WisdomTree U.S. Value Fund (WTV), AdvisorShares Focused Equity ETF (CWS), Inspire Faithward Mid Cap Momentum ETF (GLRY), VanEck Morningstar ESG Moat ETF (MOTE), VanEck Morningstar Wide Moat ETF (MOAT), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), SRH U.S. Quality ETF (SRHQ) and Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD).

Polaris (NYSE:PII) pays an annual dividend of $2.60 per share and currently has a dividend yield of 2.20%. 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 31.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PII will have a dividend payout ratio of 25.12% 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 Thursday, April, 27th. The company provided EPS guidance of $10.09-$10.71 for the period, compared to the consensus estimate of $10.03. The company issued revenue guidance of $8.59 billion-$9.02 billion, compared to the consensus revenue estimate of $8.67 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.56%), State Street Corp (7.73%), Boston Partners (3.56%), Van ECK Associates Corp (3.21%), Confluence Investment Management LLC (1.97%) and Bank of New York Mellon Corp (1.65%). Insiders that own company stock include Christopher Musso, Dougherty Lucy Clark, Jacob Vogel, James P Williams, Kevin M Farr, Michael D Dougherty, Michael T Speetzen, Robert Paul Mack, Scott W Wine, Stephen L Eastman and Steven Menneto.
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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 $116.83.

Polaris (NYSE:PII) has a market capitalization of $6.65 billion and generates $8.59 billion in revenue each year. The company earns $447.10 million in net income (profit) each year or $8.31 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.