Robert W. Baird Issues Pessimistic Forecast for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its target price lowered by analysts at Robert W. Baird from $72.00 to $65.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 22.84% from the company’s current price.

PII has been the subject of several other reports. Bank of America reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Zacks Research cut Polaris from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada boosted their price target on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their price target on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Polaris has a consensus rating of “Hold” and a consensus price target of $65.89.

Polaris Trading Up 0.2%

Shares of PII stock opened at $52.91 on Wednesday. The firm’s 50-day simple moving average is $61.11 and its 200-day simple moving average is $63.54. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. Polaris has a 1-year low of $47.14 and a 1-year high of $77.98. The firm has a market cap of $3.01 billion, a P/E ratio of -11.43 and a beta of 1.32.

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned ($1.39) earnings per share. Polaris’s revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, equities analysts forecast that Polaris will post 3.22 EPS for the current year.

Hedge Funds Weigh In On Polaris

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC increased its holdings in Polaris by 471.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after purchasing an additional 471 shares in the last quarter. Bard Associates Inc. acquired a new position in shares of Polaris during the fourth quarter worth about $46,000. Hilton Head Capital Partners LLC acquired a new position in shares of Polaris during the fourth quarter worth about $52,000. Versant Capital Management Inc boosted its position in shares of Polaris by 128.1% in the second quarter. Versant Capital Management Inc now owns 949 shares of the company’s stock worth $65,000 after buying an additional 533 shares during the period. Finally, SHP Wealth Management purchased a new stake in shares of Polaris in the fourth quarter worth about $74,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Company Profile

Polaris Inc is a powersports and recreational vehicles company headquartered in Medina, Minnesota. Founded in 1954, the company initially became known for its snowmobiles and has expanded into a diversified manufacturer of off-road vehicles, motorcycles, snowmobiles, and marine products.

Its product portfolio includes all-terrain vehicles and side-by-side vehicles sold under brands such as RANGER, RZR, and Sportsman. Polaris also manufactures snowmobiles under the Polaris brand, motorcycles through Indian Motorcycle and Slingshot, and boats through marine brands including Bennington, Godfrey, and Hurricane.