Robert W. Baird Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its price target reduced by Robert W. Baird from $40.00 to $33.00 in a research note released on Wednesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on PII. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Baird R W downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Citigroup lowered Polaris from a “neutral” rating to a “sell” rating and dropped their price target for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. 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. Finally, DA Davidson cut their price target on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.18.

Polaris Trading Up 0.3 %

Shares of Polaris stock opened at $33.93 on Wednesday. Polaris has a 1-year low of $30.92 and a 1-year high of $90.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The stock has a market capitalization of $1.90 billion, a PE ratio of 17.31, a P/E/G ratio of 13.95 and a beta of 1.32. The company’s fifty day simple moving average is $39.35 and its 200-day simple moving average is $53.47.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. Polaris’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, equities analysts anticipate that Polaris will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Polaris

Several large investors have recently added to or reduced their stakes in PII. Quantbot Technologies LP increased its stake in shares of Polaris by 74.0% in the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company’s stock valued at $2,071,000 after buying an additional 15,283 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Polaris by 14.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company’s stock valued at $6,701,000 after buying an additional 14,790 shares during the period. Raymond James Financial Inc. acquired a new stake in Polaris during the 4th quarter worth approximately $21,776,000. State of Alaska Department of Revenue grew its holdings in shares of Polaris by 371.7% during the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock worth $1,669,000 after buying an additional 22,835 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Polaris in the fourth quarter valued at about $611,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.