Polaris (NYSE:PII) Price Target Lowered to $57.00 at Roth Mkm

Polaris (NYSE:PII) had its price objective cut by Roth Mkm from $76.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the company. Truist Financial cut their price objective on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Citigroup lowered their price objective on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday. Robert W. Baird dropped their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.45.

Polaris Stock Performance

Shares of PII stock opened at $53.80 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average price of $60.62 and a 200-day moving average price of $72.86. Polaris has a 52 week low of $52.62 and a 52 week high of $100.91. The firm has a market capitalization of $3.00 billion, a PE ratio of 15.03, a P/E/G ratio of 6.05 and a beta of 1.53.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same period last year, the firm posted $2.71 EPS. As a group, equities research analysts expect that Polaris will post 3.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in Polaris by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after acquiring an additional 69,844 shares during the period. Confluence Investment Management LLC grew its position in shares of Polaris by 0.7% during the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after purchasing an additional 6,724 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after purchasing an additional 171,366 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Polaris by 12.0% in the 2nd quarter. AQR Capital Management LLC now owns 290,539 shares of the company’s stock worth $22,706,000 after purchasing an additional 31,081 shares during the period. Hedge funds and other institutional investors 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.