Polaris (NYSE:PII) Rating Lowered to Sell at StockNews.com

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

Several other equities research analysts also recently weighed in on PII. BMO Capital Markets cut their price target on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Truist Financial cut their price target on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Longbow Research restated a “neutral” rating on shares of Polaris 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 target price on the stock in a research report on Thursday, July 25th. Finally, Citigroup dropped their target price on Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Stock Performance

Shares of PII stock opened at $70.78 on Wednesday. The business has a fifty day moving average of $81.81 and a 200 day moving average of $81.96. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 7.48 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.40. Polaris has a 1 year low of $68.59 and a 1 year high of $100.91.

Polaris (NYSE:PII) last announced its quarterly 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). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Polaris’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.71 earnings per share. As a group, research analysts expect that Polaris will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PII. Park Avenue Securities LLC lifted its stake in Polaris by 18.7% in the 1st quarter. Park Avenue Securities LLC now owns 3,016 shares of the company’s stock worth $302,000 after purchasing an additional 475 shares in the last quarter. Calton & Associates Inc. raised its position in shares of Polaris by 140.7% during the 1st quarter. Calton & Associates Inc. now owns 9,848 shares of the company’s stock valued at $986,000 after buying an additional 5,757 shares during the period. Diversified Trust Co raised its position in shares of Polaris by 36.4% during the 1st quarter. Diversified Trust Co now owns 33,809 shares of the company’s stock valued at $3,385,000 after buying an additional 9,024 shares during the period. Claro Advisors LLC raised its position in shares of Polaris by 54.7% during the 1st quarter. Claro Advisors LLC now owns 7,609 shares of the company’s stock valued at $762,000 after buying an additional 2,690 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Polaris by 14.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock valued at $133,000 after buying an additional 169 shares during the period. 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.