Polaris (NYSE:PII) Downgraded to Hold Rating by Zacks Research

Key Points

• Polaris (NYSE:PII) has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, reflecting concerns about the company's performance.
• In recent research reports, analysts have set varying price targets for Polaris, with Morgan Stanley reducing their target from $31.00 to $29.00 and Robert W. Baird raising theirs from $46.00 to $55.00.
• Polaris's recent earnings report indicated a quarterly revenue of $1.85 billion, down 5.5% year-over-year, and a significant beat on earnings per share compared to analyst estimates.

Zacks Research cut shares of Polaris (NYSE:PII - Free Report) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their target price on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Morgan Stanley cut their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Citigroup restated a "sell" rating and set a $27.00 price objective (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. Finally, Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.33.

Polaris Stock Up 0.3%

NYSE PII traded up $0.16 on Wednesday, hitting $56.07. 653,435 shares of the stock traded hands, compared to its average volume of 1,693,758. The stock has a 50-day moving average of $50.81 and a 200 day moving average of $43.49. Polaris has a twelve month low of $30.92 and a twelve month high of $86.51. The company has a market capitalization of $3.15 billion, a P/E ratio of -29.79 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The business's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. As a group, analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is currently -142.55%.

Institutional Trading of Polaris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PII. Dimensional Fund Advisors LP raised its stake in shares of Polaris by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company's stock worth $61,702,000 after purchasing an additional 162,958 shares during the period. Tower Research Capital LLC TRC increased its stake in Polaris by 250.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,424 shares of the company's stock valued at $197,000 after acquiring an additional 2,447 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Polaris during the fourth quarter valued at about $1,555,000. Price T Rowe Associates Inc. MD lifted its stake in Polaris by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,076 shares of the company's stock worth $2,079,000 after purchasing an additional 2,325 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Polaris by 20.9% in the 4th quarter. Northern Trust Corp now owns 444,962 shares of the company's stock worth $25,639,000 after purchasing an additional 77,039 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Company Profile

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.