Polaris (PII) Stock Price, News & Analysis

Company Overview

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. 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. The company provides its products through dealers and distributors, and online; and retail and e-commerce marketplaces. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1945 and is headquartered in Medina, Minnesota.

Key Stats

• Today's Range: $84.37 to $85.59
• 50-Day Range: $72.98 to $86.86
• 52-Week Range: $71.90 to $107.96
• Volume: 88,251 shs
• Average Volume: 737,481 shs
• Market Capitalization: $4.81 billion
• P/E Ratio: 12.47
• Dividend Yield: 3.10%
• Price Target: $89.18
• Consensus Rating: Hold

Polaris Stock Analysis - MarketRank™

Polaris scored higher than 81% of companies evaluated by MarketBeat, and ranked 22nd out of 89 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Polaris has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Polaris has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 56.73%

Earnings Growth

Earnings for Polaris are expected to grow by 56.73% in the coming year, from $3.79 to $5.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Polaris is 12.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.52.

Price to Earnings Ratio vs. Sector

The P/E ratio of Polaris is 12.47, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 10.51.

Price to Earnings Growth Ratio

Polaris has a PEG Ratio of 6.92. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Polaris has a P/B Ratio of 3.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.28% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Polaris has recently increased by 6.49%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Polaris pays a meaningful dividend of 3.39%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Polaris has been increasing its dividend for 29 years.

Dividend Coverage

The dividend payout ratio of Polaris is 38.71%. 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 44.44% next year. This indicates that Polaris will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.51

Percentage of Shares Shorted

6.28% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Polaris has recently increased by 6.49%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.47

News Sentiment

Polaris has a news sentiment score of 0.47. 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 news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Polaris this week, compared to 6 articles on an average week.

Search Interest

Only 3 people have searched for PII on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Polaris to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Polaris insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.12% of the stock of Polaris is held by insiders.

Percentage Held by Institutions

88.06% of the stock of Polaris is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PII Stock Analysis - Frequently Asked Questions

How have PII shares performed this year?

Polaris' stock was trading at $94.77 at the beginning of the year. Since then, PII stock has decreased by 10.2% and is now trading at $85.06.
View the best growth stocks for 2024 here.

How were Polaris' earnings last quarter?

Polaris Inc. (NYSE:PII) posted its quarterly earnings data on Tuesday, July, 23rd. The company reported $1.38 earnings per share for the quarter, missing analysts' consensus estimates of $2.27 by $0.89. The company's quarterly revenue was down 11.5% compared to the same quarter last year.

Does Polaris have any subsidiaries?

Polaris subsidiaries include Larson Boats LLC, Larson Escape, LarsonFX, Striper, WSI Industries, Boat Holdings, Transamerican Auto Parts, and others.

Who are Polaris' major shareholders?

Top institutional shareholders of Polaris include The Manufacturers Life Insurance Company (3.88%), Confluence Investment Management LLC (1.83%), Dimensional Fund Advisors LP (1.76%) and Bank of New York Mellon Corp (1.02%). Insiders that own company stock include Michael T Speetzen, Robert Paul Mack, Michael D Dougherty, Stephen L Eastman, Dougherty Lucy Clark, James P Williams, Kevin M Farr and Jacob Vogel.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Polaris own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Polaris investors own include Johnson & Johnson (JNJ), McDonald's (MCD), Pfizer (PFE), Intel (INTC), CVS Health (CVS), International Business Machines (IBM) and NVIDIA (NVDA).

Company Calendar

• Last Earnings: 7/23/2024
• Ex-Dividend for 9/16 Dividend: 9/03/2024
• Dividend Payable: 9/16/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 10/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Miscellaneous transportation equipment
• Sub-Industry: Leisure Products
• Current Symbol: NYSE:PII
• CUSIP: 73106810
• CIK: 931015
• Web: www.polaris.com
• Phone: (763) 542-0500
• Fax: 763-542-0599
• Employees: 18,500
• Year Founded: 1954

Price Target and Rating

• Average Stock Price Target: $89.18
• High Stock Price Target: $120.00
• Low Stock Price Target: $75.00
• Potential Upside/Downside: +4.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.36
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.82
• Trailing P/E Ratio: 12.47
• Forward P/E Ratio: 22.44
• P/E Growth: 6.92
• Net Income: $502.80 million
• Net Margins: 3.98%
• Pretax Margin: 4.81%
• Return on Equity: 26.38%
• Return on Assets: 6.42%

Debt

• Debt-to-Equity Ratio: 1.56
• Current Ratio: 1.42
• Quick Ratio: 0.40

Sales & Book Value

• Annual Sales: $8.24 billion
• Price / Sales: 0.58
• Cash Flow: $15.22 per share
• Price / Cash Flow: 5.59
• Book Value: $25.16 per share
• Price / Book: 3.38

Miscellaneous

• Outstanding Shares: 56,514,000
• Free Float: 54,751,000
• Market Cap: $4.81 billion
• Optionable: Optionable
• Beta: 1.51