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

Polaris (NYSE:PII) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other research firms have also recently weighed in on PII. Robert W. Baird lowered their price objective on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. KeyCorp decreased their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.09.

Polaris Trading Down 1.3 %

Shares of NYSE PII opened at $65.16 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris has a 12 month low of $63.23 and a 12 month high of $100.91. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 6.65 and a beta of 1.51. The business has a fifty day simple moving average of $71.81 and a 200-day simple moving average of $77.59.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.71 earnings per share. Sell-side analysts predict that Polaris will post 3.22 EPS for the current year.

Hedge Funds Weigh In On Polaris

Institutional investors have recently bought and sold shares of the stock. Kiltearn Partners LLP raised its stake in shares of Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after acquiring an additional 92,300 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Polaris by 545.1% in the third quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock valued at $2,231,000 after purchasing an additional 22,648 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Polaris by 167.1% in the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after buying an additional 27,375 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Polaris by 8,867.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock worth $5,322,000 after buying an additional 63,225 shares during the period. Finally, ARGA Investment Management LP boosted its holdings in shares of Polaris by 42.8% during the 3rd quarter. ARGA Investment Management LP now owns 35,162 shares of the company’s stock worth $2,927,000 after buying an additional 10,539 shares during the period. 88.06% of the stock is currently owned by institutional investors.

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.