Zacks Research Downgrades Polaris (NYSE:PII) to Hold

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

Several other equities research analysts also recently weighed in on PII. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Raymond James Financial reissued an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Robert W. Baird increased their price objective on shares of Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Citigroup increased their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Polaris has an average rating of “Hold” and an average target price of $64.44.

Polaris Stock Up 5.0%

PII opened at $66.19 on Wednesday. Polaris has a 12 month low of $36.73 and a 12 month high of $75.25. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48. The stock has a market cap of $3.77 billion, a P/E ratio of -8.44 and a beta of 1.25. The stock’s 50 day moving average price is $58.48 and its 200 day moving average price is $63.19.

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

Institutional Trading of Polaris

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in Polaris by 30.5% during the 1st quarter. Bank of America Corp DE now owns 445,717 shares of the company’s stock worth $24,292,000 after buying an additional 104,302 shares during the period. EverSource Wealth Advisors LLC raised its position in Polaris by 19.6% during the first quarter. EverSource Wealth Advisors LLC now owns 3,367 shares of the company’s stock valued at $184,000 after buying an additional 552 shares during the period. California State Teachers Retirement System lifted its stake in Polaris by 24.4% in the 1st quarter. California State Teachers Retirement System now owns 63,034 shares of the company’s stock worth $3,435,000 after acquiring an additional 12,344 shares in the last quarter. Empowered Funds LLC boosted its position in Polaris by 42.6% during the 1st quarter. Empowered Funds LLC now owns 10,857 shares of the company’s stock worth $592,000 after acquiring an additional 3,242 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in Polaris during the 1st quarter worth about $958,000. 88.06% of the stock is owned by institutional investors and hedge funds.

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.