Polaris (NYSE:PII) Given New $65.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird lowered Polaris’s price target from $72 to $65 while maintaining a “neutral” rating; the new target implies 23.22% upside from the stock’s $52.75 price.
• Analyst sentiment remains cautious, with 12 hold ratings, one buy, and one sell; the consensus rating is “Hold” with an average price target of $65.89.
• Polaris exceeded quarterly expectations, reporting $1.97 in EPS versus the $0.76 consensus and revenue of $2.02 billion, up 9.2% year over year, though the company maintains negative net margins.

Polaris (NYSE:PII - Get Free Report) had its target price cut by research analysts at Robert W. Baird from $72.00 to $65.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's target price indicates a potential upside of 23.22% from the stock's current price.

A number of other brokerages also recently commented on PII. Roth Capital restated a "neutral" rating on shares of Polaris in a report on Wednesday, July 29th. Zacks Research cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Monday. UBS Group reduced their price objective on shares of Polaris from $67.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, September 18th. Royal Bank Of Canada upped their price objective on shares of Polaris from $65.00 to $75.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their target price on shares of Polaris from $65.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $65.89.

Polaris Stock Up 0.2%

NYSE PII opened at $52.75 on Wednesday. Polaris has a 1 year low of $47.14 and a 1 year high of $77.98. The stock has a market capitalization of $3.00 billion, a PE ratio of -11.39 and a beta of 1.32. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. The business's 50-day moving average is $61.70 and its 200 day moving average is $63.54.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $1.21. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.Polaris's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Sell-side analysts forecast 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. Auto Owners Insurance Co grew its position in Polaris by 6,225.0% in the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company's stock worth $4,140,582,000 after purchasing an additional 64,428,750 shares during the period. BlackRock Inc. purchased a new position in shares of Polaris in the 2nd quarter worth $501,360,000. State Street Corp boosted its stake in shares of Polaris by 4.7% in the 2nd quarter. State Street Corp now owns 2,692,541 shares of the company's stock worth $184,306,000 after buying an additional 121,031 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Polaris by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company's stock worth $84,269,000 after acquiring an additional 107,109 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Polaris during the second quarter valued at $77,817,000. Institutional investors 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.

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