Polaris (NYSE:PII) Rating Increased to Hold at StockNews.com

Polaris (NYSE:PII) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other analysts have also issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 24th. Citigroup dropped their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. DA Davidson upgraded Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Thursday, July 25th. Roth Mkm cut their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, Longbow Research reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $89.18.

Polaris Stock Performance

Shares of PII stock opened at $83.48 on Tuesday. The company’s fifty day moving average price is $81.54 and its two-hundred day moving average price is $84.30. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.42 and a quick ratio of 0.40. The firm has a market capitalization of $4.72 billion, a P/E ratio of 12.24, a P/E/G ratio of 6.92 and a beta of 1.51. Polaris has a 12 month low of $71.90 and a 12 month high of $107.96.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $2.42 EPS. The company’s revenue was down 11.5% compared to the same quarter last year. On average, research analysts anticipate that Polaris will post 3.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after buying an additional 94,680 shares during the last quarter. TD Asset Management Inc raised its stake in Polaris by 8.3% during the 4th quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock valued at $13,342,000 after acquiring an additional 10,770 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Polaris by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock worth $33,957,000 after acquiring an additional 10,745 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Polaris by 22.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company’s stock worth $6,616,000 after purchasing an additional 11,009 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Polaris during the first quarter valued at $1,065,000. 88.06% of the stock is owned by institutional investors and hedge funds.

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.