Polaris (NYSE:PII) Given New $67.00 Price Target at Citigroup

Polaris (NYSE:PII) had its price target reduced by stock analysts at Citigroup from $73.00 to $67.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 12.64% from the stock’s previous close.

Several other research firms also recently weighed in on PII. Weiss Ratings raised shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Bank of America reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird increased their target price on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.38.

Polaris Stock Down 3.1%

Shares of PII stock traded down $1.90 during trading hours on Wednesday, reaching $59.48. 320,856 shares of the company’s stock were exchanged, compared to its average volume of 1,027,148. The stock’s 50 day moving average is $67.51 and its 200-day moving average is $63.89. The company has a market cap of $3.38 billion, a price-to-earnings ratio of -12.86 and a beta of 1.27. 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 has a fifty-two week low of $47.14 and a fifty-two week high of $77.98.

Polaris (NYSE:PII) last posted 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. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned ($1.39) EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Analysts predict that Polaris will post 3.22 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Institutional investors have recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new position in Polaris in the fourth quarter valued at approximately $27,000. Elevation Wealth Partners LLC grew its holdings in shares of Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 471 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Polaris during the fourth quarter worth about $46,000. Hilton Head Capital Partners LLC purchased a new stake in Polaris in the fourth quarter valued at approximately $52,000. Finally, Versant Capital Management Inc boosted its stake in Polaris by 128.1% during the 2nd quarter. Versant Capital Management Inc now owns 949 shares of the company’s stock worth $65,000 after purchasing an additional 533 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.