PII Stock Summary and Trading Ideas (Polaris | NYSE:PII)

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.

Polaris trades on the NYSE stock market under the symbol PII.

As of April 25, 2024, PII stock price declined to $83.28 with 2,260,245 million shares trading.

PII has a beta of 1.71, meaning it tends to be more sensitive to market movements. PII has a correlation of 0.51 to the broad based SPY ETF.

PII has a market cap of $4.70 billion. This is considered a Mid Cap stock.

Last quarter Polaris reported $2 billion in Revenue and $.23 earnings per share. This fell short of revenue expectation by $-14 million and exceeded earnings estimates by $.17.

In the last 3 years, PII stock traded as high as $147.22 and as low as $82.00.

The top ETF exchange traded funds that PII belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

PII has underperformed the market in the last year with a price return of -21.5% while the SPY ETF gained +23.6%. PII has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.9% and -9.8%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

PII support price is $83.62 and resistance is $86.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PII stock will trade within this expected range on the day.