Wells Fargo & Company Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its price objective decreased by equities researchers at Wells Fargo & Company from $70.00 to $55.00 in a report released on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 6.23% from the stock’s previous close.

Several other equities research analysts have also commented on PII. UBS Group cut their price target on shares of Polaris from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, September 18th. Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Polaris in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.22.

Polaris Stock Down 0.7%

PII stock traded down $0.37 during trading on Monday, hitting $51.78. 25,743 shares of the company’s stock were exchanged, compared to its average volume of 996,611. The business has a 50-day moving average price of $58.79 and a two-hundred day moving average price of $63.38. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -11.19 and a beta of 1.32. Polaris has a 52-week low of $47.14 and a 52-week high of $77.98. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, equities research analysts expect that Polaris will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Polaris during the second quarter worth approximately $501,360,000. State Street Corp grew its position in Polaris by 4.7% in the 2nd quarter. State Street Corp now owns 2,692,541 shares of the company’s stock valued at $184,306,000 after buying an additional 121,031 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Polaris by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock valued at $84,269,000 after buying an additional 107,109 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Polaris in the 2nd quarter valued at $77,817,000. Finally, Bank of New York Mellon Corp acquired a new position in Polaris in the 2nd quarter valued at $43,780,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

About Polaris

Polaris Inc is a powersports and recreational vehicles company headquartered in Medina, Minnesota. Founded in 1954, the company initially became known for its snowmobiles and has expanded into a diversified manufacturer of off-road vehicles, motorcycles, snowmobiles, and marine products.

Its product portfolio includes all-terrain vehicles and side-by-side vehicles sold under brands such as RANGER, RZR, and Sportsman. Polaris also manufactures snowmobiles under the Polaris brand, motorcycles through Indian Motorcycle and Slingshot, and boats through marine brands including Bennington, Godfrey, and Hurricane.