Polaris (NYSE:PII) Downgraded by StockNews.com to Sell

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

A number of other analysts have also issued reports on the company. DA Davidson raised 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. Truist Financial cut their target price on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Bank of America dropped their price target on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Longbow Research restated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Finally, Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a consensus price target of $87.09.

Polaris Stock Up 1.6 %

Shares of NYSE PII opened at $70.78 on Wednesday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 7.48 and a beta of 1.51. The company has a quick ratio of 0.40, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris has a 52-week low of $68.59 and a 52-week high of $100.91. The business’s 50 day moving average is $81.81 and its two-hundred day moving average is $81.96.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) 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 analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.71 EPS. Research analysts predict that Polaris will post 3.25 EPS for the current year.

Hedge Funds Weigh In On Polaris

Large investors have recently bought and sold shares of the business. JLB & Associates Inc. grew its holdings in shares of Polaris by 0.5% during the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock worth $1,917,000 after purchasing an additional 120 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after purchasing an additional 169 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Polaris by 2.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock worth $586,000 after purchasing an additional 172 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock worth $1,262,000 after purchasing an additional 187 shares during the last quarter. Finally, Isthmus Partners LLC grew its holdings in shares of Polaris by 5.0% during the second quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock worth $314,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.