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

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

Several other research analysts also recently issued reports on the stock. UBS Group reduced their price target on shares of Polaris from $67.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, September 18th. Robert W. Baird raised their price objective on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Roth Capital restated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Finally, Bank of America reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.89.

Polaris Trading Up 0.2%

Shares of PII stock opened at $52.75 on Monday. The firm’s fifty day simple moving average is $61.70 and its 200 day simple moving average is $63.54. 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 1 year low of $47.14 and a 1 year high of $77.98. The firm has a market capitalization of $3.00 billion, a P/E ratio of -11.39 and a beta of 1.32.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm earned ($1.39) EPS. Polaris’s revenue for the quarter was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts predict that Polaris will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Polaris by 10.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,762 shares of the company’s stock valued at $942,000 after purchasing an additional 1,297 shares in the last quarter. State Street Corp lifted its holdings in Polaris by 4.7% in the second 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 period. The Manufacturers Life Insurance Company grew its stake in Polaris by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 49,152 shares of the company’s stock worth $3,364,000 after purchasing an additional 947 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Polaris during the 2nd quarter worth approximately $259,000. Finally, Integrated Wealth Concepts LLC increased its stake in Polaris by 23.0% in the second quarter. Integrated Wealth Concepts LLC now owns 5,126 shares of the company’s stock valued at $351,000 after purchasing an additional 959 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

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.