Polaris (NYSE:PII) Given New $75.00 Price Target at DA Davidson

Polaris (NYSE:PII) had its target price decreased by analysts at DA Davidson from $80.00 to $75.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s target price points to a potential downside of 0.78% from the stock’s previous close.

PII has been the topic of several other reports. Bank of America initiated coverage on shares of Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target on the stock. Truist Financial dropped their price target on Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. StockNews.com cut Polaris from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Monday, April 8th. Finally, Royal Bank of Canada reduced their price target on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $99.82.

Polaris Price Performance

Shares of PII stock traded up $0.28 on Tuesday, reaching $75.59. 380,729 shares of the company were exchanged, compared to its average volume of 712,879. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47. Polaris has a 1 year low of $74.36 and a 1 year high of $138.49. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 2.70 and a beta of 1.53. The business has a 50-day moving average price of $81.75 and a 200 day moving average price of $88.62.

Polaris (NYSE:PII) last released its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business posted $2.05 earnings per share. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. Equities research analysts forecast that Polaris will post 8.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Polaris

Several large investors have recently modified their holdings of PII. Chase Investment Counsel Corp acquired a new stake in shares of Polaris in the 4th quarter valued at approximately $852,000. Semanteon Capital Management LP acquired a new stake in shares of Polaris during the 4th quarter valued at approximately $1,270,000. TD Asset Management Inc boosted its stake in shares of Polaris by 8.3% during the 4th quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock worth $13,342,000 after acquiring an additional 10,770 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Polaris by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock worth $33,957,000 after acquiring an additional 10,745 shares during the period. Finally, Vanguard Group Inc. increased its stake in Polaris by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,807,482 shares of the company’s stock valued at $550,375,000 after purchasing an additional 48,179 shares in the last quarter. 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.