StockNews.com Downgrades Polaris (NYSE:PII) to Sell

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

A number of other brokerages have also weighed in on PII. KeyCorp lowered shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday. Truist Financial lowered their target price on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday. Royal Bank of Canada decreased their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. DA Davidson reduced their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Robert W. Baird lowered their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Polaris Price Performance

Shares of NYSE:PII opened at $55.54 on Wednesday. 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 stock has a market cap of $3.10 billion, a PE ratio of 15.51, a PEG ratio of 6.59 and a beta of 1.53. The company’s fifty day moving average is $63.68 and its 200 day moving average is $74.51. Polaris has a 52 week low of $55.19 and a 52 week high of $100.91.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PII. American Century Companies Inc. raised its stake in shares of Polaris by 311.6% in 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 period. RWWM Inc. increased its holdings in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after acquiring an additional 179,244 shares in the last quarter. 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 worth $46,232,000 after acquiring an additional 171,366 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Polaris during the third quarter valued at approximately $12,670,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Polaris in the third quarter worth $10,844,000. 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.