Polaris (NYSE:PII) Rating Lowered to “Hold” at Zacks Research

Polaris (NYSE:PII) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Roth Mkm reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their target price on Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Citigroup boosted their target price on Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their target price on Polaris to $67.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and an average price target of $64.44.

Polaris Stock Up 5.0%

PII stock opened at $66.19 on Wednesday. The company has a market cap of $3.77 billion, a PE ratio of -8.44 and a beta of 1.25. The business has a 50-day simple moving average of $58.48 and a 200 day simple moving average of $63.19. Polaris has a 52 week low of $36.73 and a 52 week high of $75.25. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72.

Polaris (NYSE:PII) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.Polaris’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Sell-side analysts anticipate that Polaris will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PII. Goldman Sachs Group Inc. increased its stake in shares of Polaris by 677.2% in the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock valued at $22,283,000 after buying an additional 474,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Polaris by 27.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after buying an additional 39,584 shares during the period. Cetera Investment Advisers increased its stake in shares of Polaris by 65.4% in the second quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock valued at $666,000 after buying an additional 6,475 shares during the period. Prudential Financial Inc. increased its stake in shares of Polaris by 17.8% in the second quarter. Prudential Financial Inc. now owns 8,347 shares of the company’s stock valued at $339,000 after buying an additional 1,259 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Polaris by 43.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock valued at $140,000 after buying an additional 1,037 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Company Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.