Robert W. Baird Trims Polaris (NYSE:PII) Target Price to $84.00

Polaris (NYSE:PII) had its price target cut by analysts at Robert W. Baird from $85.00 to $84.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 18.68% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Longbow Research reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Citigroup reduced their target price on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. BMO Capital Markets dropped their price target on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada cut their price objective on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.09.

Polaris Price Performance

NYSE:PII opened at $70.78 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The business’s 50-day moving average price is $81.81 and its 200 day moving average price is $81.96. Polaris has a 52-week low of $68.59 and a 52-week high of $100.91. The firm has a market cap of $3.95 billion, a P/E ratio of 19.77, a PEG ratio of 7.48 and a beta of 1.51.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $2.71 EPS. The business’s revenue for the quarter was down 23.4% on a year-over-year basis. As a group, sell-side analysts predict that Polaris will post 3.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polaris

A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. grew its stake in Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Polaris in the 2nd quarter valued at approximately $15,363,000. RWWM Inc. grew its stake in shares of Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after buying an additional 179,244 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after buying an additional 96,194 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after acquiring an additional 94,680 shares in 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.