Polaris (NYSE:PII) Reaches New 1-Year Low Following Analyst Downgrade

Polaris Inc. (NYSE:PII)’s stock price hit a new 52-week low during mid-day trading on Thursday after Citigroup lowered their price target on the stock from $73.00 to $57.00. Citigroup currently has a neutral rating on the stock. Polaris traded as low as $52.62 and last traded at $53.00, with a volume of 75801 shares traded. The stock had previously closed at $53.76.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Robert W. Baird cut their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. DA Davidson lowered their target price on shares of Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.45.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC raised its position in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares during the period. Quarry LP lifted its stake in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Polaris during the second quarter valued at approximately $57,000. Finally, GAMMA Investing LLC raised its holdings in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after purchasing an additional 677 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Price Performance

The stock has a market capitalization of $3.02 billion, a PE ratio of 15.15, a PEG ratio of 6.02 and a beta of 1.53. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The firm’s fifty day moving average price is $60.88 and its two-hundred day moving average price is $73.01.

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

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.