Polaris (NYSE:PII) Rating Lowered to “Hold” at Zacks Research

Polaris (NYSE:PII) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages have also recently issued reports on PII. Weiss Ratings cut Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Morgan Stanley dropped their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada decreased their price objective on shares of Polaris to $67.00 and set a “sector perform” rating for the company in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.44.

Polaris Trading Up 5.0%

PII opened at $66.19 on Wednesday. The stock has a market capitalization of $3.77 billion, a PE ratio of -8.44 and a beta of 1.25. The firm’s fifty day moving average price is $58.48 and its 200 day moving average price is $63.19. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48. Polaris has a 12-month low of $36.73 and a 12-month high of $75.25.

Polaris (NYSE:PII) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.56. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, research analysts expect that Polaris will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Polaris by 677.2% in the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock worth $22,283,000 after buying an additional 474,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Polaris by 27.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after acquiring an additional 39,584 shares during the period. Cetera Investment Advisers grew its position in shares of Polaris by 65.4% during the second quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock worth $666,000 after acquiring an additional 6,475 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Polaris by 17.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,347 shares of the company’s stock worth $339,000 after acquiring an additional 1,259 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Polaris by 43.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock worth $140,000 after acquiring an additional 1,037 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.