Polaris (NYSE:PII) Cut to “Sector Weight” at KeyCorp

KeyCorp cut shares of Polaris (NYSE:PII) from an overweight rating to a sector weight rating in a research note published on Wednesday morning, Marketbeat Ratings reports. KeyCorp also issued estimates for Polaris’ Q2 2025 earnings at $0.86 EPS.

PII has been the subject of a number of other research reports. DA Davidson reduced their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Truist Financial reduced their price objective on shares of Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday. Robert W. Baird reduced their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. Finally, StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a report on Monday, December 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $84.00.

Polaris Price Performance

Shares of PII opened at $54.09 on Wednesday. Polaris has a fifty-two week low of $52.77 and a fifty-two week high of $100.91. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 6.59 and a beta of 1.53. The firm has a 50-day simple moving average of $63.68 and a 200-day simple moving average of $74.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the company posted $2.71 EPS. Polaris’s quarterly revenue was down 23.4% on a year-over-year basis. On average, equities research analysts anticipate that Polaris will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.88%. Polaris’s dividend payout ratio (DPR) is 73.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PII. American Century Companies Inc. grew its stake in Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after acquiring an additional 292,992 shares during the period. RWWM Inc. grew its stake in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after acquiring an additional 179,244 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after acquiring an additional 171,366 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in Polaris in the 3rd quarter worth approximately $12,670,000. Finally, Weiss Asset Management LP purchased a new stake in Polaris in the 3rd quarter worth approximately $10,844,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.