Polaris (NYSE:PII) Price Target Lowered to $84.00 at Robert W. Baird

Polaris (NYSE:PII) had its price objective trimmed by Robert W. Baird from $85.00 to $84.00 in a report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

PII has been the subject of several other research reports. KeyCorp reduced their price target on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Citigroup reduced their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. Truist Financial reduced their price objective on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Finally, Roth Mkm decreased 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.36.

Polaris Stock Performance

PII stock opened at $69.68 on Wednesday. Polaris has a 1-year low of $69.36 and a 1-year high of $100.91. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The firm has a market cap of $3.94 billion, a PE ratio of 10.22, a P/E/G ratio of 7.59 and a beta of 1.51. The business’s 50-day moving average price is $82.04 and its two-hundred day moving average price is $82.04.

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

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Polaris in the 2nd quarter valued at about $15,363,000. RWWM Inc. increased its stake in shares of Polaris by 192.3% during the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after purchasing an additional 179,244 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Polaris by 10.8% in 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. Finally, Vanguard Group Inc. lifted its stake in Polaris by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after purchasing an additional 94,680 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Company Profile

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.