Citigroup Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its target price dropped by equities research analysts at Citigroup from $73.00 to $67.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 12.64% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley reduced their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Polaris has an average rating of “Hold” and an average target price of $67.38.

Polaris Stock Performance

NYSE:PII traded down $1.90 during mid-day trading on Wednesday, hitting $59.48. 320,856 shares of the company traded hands, compared to its average volume of 1,027,148. The stock’s fifty day moving average price is $67.51 and its 200-day moving average price is $63.89. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. Polaris has a one year low of $47.14 and a one year high of $77.98. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -12.86 and a beta of 1.27.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company posted ($1.39) EPS. The firm’s revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Research analysts anticipate that Polaris will post 3.22 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Large investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in Polaris during the 4th quarter valued at $27,000. Elevation Wealth Partners LLC grew its holdings in Polaris by 471.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after acquiring an additional 471 shares in the last quarter. Bard Associates Inc. bought a new stake in shares of Polaris in the 4th quarter valued at about $46,000. Hilton Head Capital Partners LLC bought a new stake in shares of Polaris in the 4th quarter valued at about $52,000. Finally, Versant Capital Management Inc lifted its position in shares of Polaris by 128.1% in the 2nd quarter. Versant Capital Management Inc now owns 949 shares of the company’s stock worth $65,000 after purchasing an additional 533 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.