Polaris (NYSE:PII) Cut to “Sell” at StockNews.com

Polaris (NYSE:PII) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Several other equities analysts have also recently weighed in on PII. Roth Mkm dropped their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday. DA Davidson upgraded Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Thursday, July 25th. Finally, Truist Financial cut their price target on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.36.

Polaris Price Performance

PII traded down $2.54 during midday trading on Wednesday, reaching $69.68. 1,497,154 shares of the company’s stock were exchanged, compared to its average volume of 731,341. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 7.59 and a beta of 1.51. Polaris has a one year low of $69.36 and a one year high of $100.91. The business has a 50-day simple moving average of $82.04 and a two-hundred day simple moving average of $82.04.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business posted $2.71 earnings per share. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. As a group, research analysts predict that Polaris will post 3.66 EPS for the current year.

Hedge Funds Weigh In On Polaris

Several hedge funds have recently bought and sold shares of PII. New England Capital Financial Advisors LLC bought a new position in shares of Polaris during the 1st quarter worth approximately $25,000. Bessemer Group Inc. grew its stake in shares of Polaris by 174.1% during the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares during the period. Blue Trust Inc. grew its position in shares of Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares during the period. Signaturefd LLC lifted its holdings in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Polaris during the second quarter worth approximately $57,000. 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.