Polaris (NYSE:PII) Cut to "Sell" at StockNews.com

Polaris (NYSE:PII - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Tuesday.

A number of other equities analysts have also issued reports on PII. Robert W. Baird cut their target price on Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. KeyCorp reduced their price objective on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 23rd. Finally, DA Davidson reduced their price target on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $87.09.

Polaris Stock Down 0.4 %

PII traded down $0.24 during trading hours on Tuesday, reaching $66.01. 666,069 shares of the stock traded hands, compared to its average volume of 733,788. Polaris has a fifty-two week low of $63.23 and a fifty-two week high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 6.65 and a beta of 1.51. The firm's fifty day simple moving average is $72.48 and its two-hundred day simple moving average is $77.79.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results 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 analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $2.71 earnings per share. The firm's revenue was down 23.4% on a year-over-year basis. As a group, analysts forecast that Polaris will post 3.22 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Several hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company's stock worth $30,307,000 after buying an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Polaris during the second quarter worth about $15,363,000. RWWM Inc. grew its position in shares of Polaris by 192.3% during the second quarter. RWWM Inc. now owns 272,452 shares of the company's stock worth $21,334,000 after acquiring an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock worth $46,232,000 after acquiring an additional 171,366 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Polaris in the 3rd quarter valued at about $12,670,000. Institutional investors 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.