Polaris (NYSE:PII) PT Lowered to $95.00

Polaris (NYSE:PII) had its target price dropped by research analysts at Robert W. Baird from $100.00 to $95.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 25.55% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Truist Financial lowered their price objective on Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Citigroup dropped their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. StockNews.com lowered shares of Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, April 8th. Finally, Royal Bank of Canada decreased their price objective on Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus target price of $99.36.

Polaris Price Performance

Shares of Polaris stock opened at $75.67 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The company has a market cap of $4.28 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.62 and a beta of 1.53. The firm has a fifty day moving average price of $81.20 and a two-hundred day moving average price of $88.33. Polaris has a fifty-two week low of $74.25 and a fifty-two week high of $138.49.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. Analysts expect that Polaris will post 8.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC bought a new position in shares of Polaris in the first quarter worth about $108,890,000. Verity & Verity LLC acquired a new stake in shares of Polaris in the first quarter valued at approximately $37,000. The Manufacturers Life Insurance Company raised its position in Polaris by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock worth $257,993,000 after purchasing an additional 202,794 shares during the last quarter. LSV Asset Management lifted its holdings in Polaris by 190.3% during the 4th quarter. LSV Asset Management now owns 261,872 shares of the company’s stock worth $24,818,000 after buying an additional 171,672 shares in the last quarter. Finally, Capital World Investors boosted its position in Polaris by 2.4% in the 4th quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock valued at $640,447,000 after buying an additional 160,918 shares during the last quarter. Institutional investors and hedge funds 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.