Polaris (NYSE:PII) Price Target Lowered to $57.00 at Citigroup

Polaris (NYSE:PII) had its price objective reduced by equities researchers at Citigroup from $73.00 to $57.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 6.07% from the company’s previous close.

A number of other research analysts also recently commented on the company. DA Davidson reduced their price target on Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a report on Friday, January 17th. Truist Financial reduced their target price on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird dropped their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $75.45.

Polaris Trading Down 2.4 %

PII opened at $53.74 on Thursday. The firm has a market capitalization of $3.00 billion, a P/E ratio of 15.01, a P/E/G ratio of 6.02 and a beta of 1.53. The firm’s 50 day moving average is $61.14 and its 200-day moving average is $73.14. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris has a 52-week low of $52.77 and a 52-week high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. Analysts expect that Polaris will post 3.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Hunter Perkins Capital Management LLC boosted its holdings in shares of Polaris by 33.2% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 86,249 shares of the company’s stock valued at $4,970,000 after acquiring an additional 21,508 shares during the period. KBC Group NV lifted its position in Polaris by 79.0% in the 4th quarter. KBC Group NV now owns 2,561 shares of the company’s stock valued at $148,000 after purchasing an additional 1,130 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in Polaris by 64.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,214 shares of the company’s stock worth $473,000 after purchasing an additional 3,221 shares during the last quarter. Lantz Financial LLC increased its stake in shares of Polaris by 12.6% in the fourth quarter. Lantz Financial LLC now owns 15,616 shares of the company’s stock valued at $900,000 after purchasing an additional 1,746 shares during the period. Finally, Impact Partnership Wealth LLC bought a new stake in shares of Polaris during the fourth quarter valued at approximately $378,000. 88.06% of the stock is currently owned by institutional investors.

About Polaris

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.