Polaris (NYSE:PII) Stock Rating Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Polaris from “strong buy” to “hold,” joining a broader analyst consensus of “hold.” The average price target is $66.67, with ratings from one buy, 12 holds, and one sell.
• Polaris shares opened at $52.75, below their 50-day and 200-day moving averages of $61.70 and $63.54, respectively. The stock’s 52-week range is $47.14 to $77.98, with a market capitalization of approximately $3.0 billion.
• The company exceeded quarterly expectations, reporting adjusted EPS of $1.97 versus the $0.76 consensus and revenue of $2.02 billion. Institutional investors own approximately 88.06% of Polaris shares.

Polaris (NYSE:PII - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday, Zacks reports.

A number of other analysts have also commented on the company. Bank of America reiterated a "neutral" rating on shares of Polaris in a research report on Wednesday, July 29th. Roth Capital reiterated a "neutral" rating on shares of Polaris in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on shares of Polaris from $65.00 to $75.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their target price on shares of Polaris from $65.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. Finally, Citigroup cut their price target on Polaris from $73.00 to $67.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Polaris presently has an average rating of "Hold" and an average price target of $66.67.

Polaris Stock Performance

Shares of Polaris stock opened at $52.75 on Monday. 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 firm has a 50 day simple moving average of $61.70 and a 200 day simple moving average of $63.54. Polaris has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The firm has a market cap of $3.00 billion, a P/E ratio of -11.39 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $1.21. The firm had revenue of $2.02 billion for 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%.The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Sell-side analysts predict that Polaris will post 3.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polaris

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Auto Owners Insurance Co raised its stake in Polaris by 6,225.0% during the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company's stock worth $4,140,582,000 after buying an additional 64,428,750 shares during the period. BlackRock Inc. acquired a new stake in shares of Polaris during the second quarter worth about $501,360,000. State Street Corp lifted its holdings in shares of Polaris by 4.7% during the 2nd quarter. State Street Corp now owns 2,692,541 shares of the company's stock valued at $184,306,000 after purchasing an additional 121,031 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Polaris by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company's stock valued at $84,269,000 after purchasing an additional 107,109 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Polaris during the 2nd quarter worth approximately $77,817,000. 88.06% of the stock is owned by institutional investors.

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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