Polaris' (PII) Sell Rating Reiterated at Citigroup

Polaris (NYSE:PII - Get Free Report)'s stock had its "sell" rating reiterated by analysts at Citigroup in a research report issued on Monday, MarketBeat.com reports. They currently have a $27.00 price objective on the stock, up from their previous price objective of $23.00. Citigroup's price target suggests a potential downside of 32.64% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada decreased their target price on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Bank of America decreased their price objective on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Finally, Truist Financial reduced their price target on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $45.27.

Polaris Stock Performance

NYSE PII traded up $0.03 during trading hours on Monday, hitting $40.08. 1,140,220 shares of the stock were exchanged, compared to its average volume of 1,216,729. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 55.67 and a beta of 1.04. Polaris has a 12-month low of $30.92 and a 12-month high of $88.00. The stock has a 50-day moving average of $37.32 and a 200 day moving average of $45.60.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.01. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The firm's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, equities research analysts forecast that Polaris will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Polaris

Institutional investors have recently made changes to their positions in the stock. RWWM Inc. increased its position in Polaris by 169.2% during the 1st quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock worth $98,053,000 after purchasing an additional 1,505,351 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of Polaris by 142.1% during the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company's stock worth $66,346,000 after purchasing an additional 951,195 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Polaris by 352.5% during the first quarter. Invesco Ltd. now owns 902,751 shares of the company's stock worth $36,959,000 after buying an additional 703,240 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Polaris by 132.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after buying an additional 513,542 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Polaris by 12,099.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 513,343 shares of the company's stock valued at $21,016,000 after buying an additional 509,135 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

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.